The changes could include a suspension of tariffs on consumer goods including clothing and school supplies and setting up a way for importers to request waivers on the import taxes, according to the report, which cited unidentified people familiar with the matter.
The offshore yuan rose as much as 0.3% to 6.6807 per dollar, the strongest in a week, after the report. The Australian dollar extended gains following the report, climbing 1% versus the US dollar to 0.6884. The New Zealand dollar tracked the Aussie higher, rising 0.9% to 0.6250.
This story is from the July 05, 2022 edition of Financial Express Mumbai.
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This story is from the July 05, 2022 edition of Financial Express Mumbai.
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