Abstract
On 11 December 2001 China became a member of the World Trade Organization (WTO). China promised to cut import taxes within five years. On 1 July 2006 the automobile tax, for example, will decrease to 25 per cent from the current 30±80 per cent. In January 2002 the prices of imported products such as automobiles and agricultural products decreased dramatically.
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© 2002 Yong Guo
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Guo, Y. (2002). The Impact of Membership of the World Trade Organization on the PBC’s Monetary Policy. In: Banking Reforms and Monetary Policy in the People’s Republic of China. Palgrave Macmillan, London. https://doi.org/10.1057/9781403914545_6
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DOI: https://doi.org/10.1057/9781403914545_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50744-3
Online ISBN: 978-1-4039-1454-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)
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