China slashes port fees to boost sluggish trade

By Michael Greenfield, Michael Greenfield
Published: Tuesday, 10 March 2020

Beijing has taken measures to resuscitate its sluggish logistics sector by cutting port fees in a bid to encourage businesses to increase their import and export activities.

Chinese Premier Li Keqiang announced measures on March 3 during a State Council meeting to reduce several port fees.

Port construction duties have been suspended until June 30. The port construction duty is a levy on businesses using the port facilities which the port authorities collect for the upkeep and...