China will abolish import duties on some “important” hi-tech equipment while reinstating others from March 1, to help accelerate the development of “strategic industries”, state news agency Xinhua said.
The duty-free equipment will help fight pollution and promote energy development and safe train transport, the report said.
The rules have been issued by six government agencies, including the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation and the National Energy Administration.
The original list of equipment that could be imported duty-free was published in August 2009. (Reuters)