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China attempts to lower consumer costs amid US trade war
Workers assemble electric buses at a factory in Liaocheng city in east China's Shandong province
BEIJING announced its second cut in import taxes in less than a year today in a bid to lower costs for consumers and make the economy more competitive.
The Cabinet said import taxes on 1,585 products, including construction machinery and building materials will be cut with effect from November 1.
A similar cut last November applied to food and consumer goods.
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