The Customs Tariff Commission of the State Council of China recently announced China's plans to lower or eliminate import tariffs by 0.5 percent to 9 percent for 33 commodities. These tariff reductions cover a variety of items, including textiles, fuels, metals, and high-tech products. The Customs Tariff Commission is responsible for reviewing, determining and interpreting China's tariff measures every year, under the supervision of the State Council. The purpose of this round of tariff reductions was reportedly to boost the imports of high-tech equipment, and the key parts and raw materials that go into high-tech equipment; ease China's trade imbalance; and ensure the smooth development of domestic economy.