China Announces Annual Adjustments on Import Taxation for 2025

China will increase tax levies on products including materials used in soda drinks, plastics, and as components in electric vehicle batteries, the Ministry of Finance said in a statement posted on its Website Saturday.

• The changes are made as part of an annual adjustments of the country’s overall import tax system
• Import tax rates will be lowered on products including automatic transmissions for special-purpose vehicles, such as fire trucks and emergency repair vehicles
• The changes will take effect on Jan. 1

To contact Bloomberg News staff for this story:
John Liu in Beijing at jliu42@bloomberg.net;
Tian Ying in Beijing ...