On January 27, China halved the import duty on electronic products, including computers and digital cameras, to 10 percent, said a statement on the Ministry of Finance's website.
The new rate means the tax on an iPad, a popular purchase with Chinese tourists returning from abroad, will be reduced from 1,000 yuan ($152) to 500 yuan ($76).
Industry insiders said the tax reduction would help overseas IT producers' business expansion in China, the world's largest user of mobile phones and the Internet. |