China will adjust import and export tariffs on some goods from Jan. 1 to speed and promote development and expand domestic demand, the finance ministry said.
 
Export tariffs on aluminum and aluminum alloys will be raised. The current import tariff will stay on seven types of coal until March 31, with tariffs adopted for most favored nations from April 1.  As competition grows with the U.S. on technology issues, China will further reduce the tariffs for most favored nations on 62 types of information technology products from July 1.
 
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