China’s zero-tariff initiative aims to enhance trade with least developed countries and will soon include 53 African nations, fostering global economic cooperation.
China's General Administration of Customs announced a zero-tariff policy for all products from least developed countries with diplomatic ties, effective from December 1. This initiative has already resulted in double-digit growth in imports during the first half of the year. Moving forward, China will extend this policy to 53 African countries, aiming to leverage its large market to promote mutual development and benefit global trade.