China to lower import tariffs from January.

Beijing -- China to lower import tariffs on more than 850 products as authorities battle a severe shortage of the meat staple, said the finance ministry.

The Tariff Commission of the State Council said in a statement that the changes will optimise 'the trade structure and promote the high-quality development of the economy'.

Levies will also be lowered on other foods such as fish, cheese and nuts, pharmaceuticals, parts for manufacturing smartphones and a range of chemical products.

From July 1, China will also further reduce tariffs on some technology products, the finance ministry said in a statement on its website. Those goods...