China's Vice FinMin Zhu: China will choose import tariffs, no one else

China's Vice Finance Minister Zhu Guangyao is hitting the wires with additional comments to statements he made earlier.

Key highlights

On top of China planning to roll out tax cuts and further personal tax reforms, China's Zhu stated that China does plan to cut import tariffs on autos and other products 'as early as possible', but further pushed the idea that China will decide to go through with reforms and open up its economy further, but is doing so at its own choice and will do so at its own time, and not because of pressure from the US front.