U.S. markets close in 13 minutes
  • S&P 500

    4,141.82
    -3.37 (-0.08%)
     
  • Dow 30

    32,862.34
    +58.87 (+0.18%)
     
  • Nasdaq

    12,643.47
    -14.08 (-0.11%)
     
  • Russell 2000

    1,939.57
    +17.74 (+0.92%)
     
  • Crude Oil

    90.58
    +1.57 (+1.76%)
     
  • Gold

    1,804.00
    +12.80 (+0.71%)
     
  • Silver

    20.62
    +0.78 (+3.92%)
     
  • EUR/USD

    1.0193
    +0.0005 (+0.05%)
     
  • 10-Yr Bond

    2.7650
    -0.0750 (-2.64%)
     
  • GBP/USD

    1.2074
    +0.0004 (+0.03%)
     
  • USD/JPY

    135.0610
    +0.0910 (+0.07%)
     
  • BTC-USD

    23,942.34
    +737.26 (+3.18%)
     
  • CMC Crypto 200

    558.80
    +15.93 (+2.93%)
     
  • FTSE 100

    7,482.37
    +42.63 (+0.57%)
     
  • Nikkei 225

    28,249.24
    +73.37 (+0.26%)
     

China to exempt taxes for imports of products related to virus control

Hospital staff in protective garments walk at a checkpoint to the Hubei province exclusion zone at the Jiujiang Yangtze River Bridge in Jiujiang

BEIJING (Reuters) - China will implement tax exemptions for imports of products related to curbing the coronavirus outbreak, the finance ministry said on Saturday.

Materials directly used for epidemic control will be exempt from import tariffs from Jan. 1 to March 31, the ministry said in a statement on its website.

Imports of donations including ambulances and disinfectant products will also be exempt from tariffs, value-added tax and consumption tax, it said.

(Reporting by Se Young Lee and Judy Hua; Editing by Frances Kerry)