China tweaks tariffs to quell inflation, save jobs

From the Daily Times

SHANGHAI: A series of tariff changes imposed by China to quell its booming commodities trade may well be Beijing’s way of controlling inflation and saving jobs on the farm without touching the exchange rate.

The changes would make domestic power and metals cheaper and support agricultural product prices, achieving an effect similar to a yuan appreciation but without the potential damage to China’s trade competitiveness or fragile financial system.