Cutting auto import tariffs to this degree will help supply-side structural reform and the upgrade of the auto industry, bringing greater quality and efficiency, according to the ministry.

It will also enrich the domestic market and meet the demand for more, affordable consumer experiences. Lower duties will increase demand and bring vitality to the economy.

"By cutting these tariffs, many positive effects will be felt in the global economy," said Liu Shangxi, head of the Chinese Academy of Fiscal Sciences.

The cuts are important for trade liberalization, according to Li Xuhong, a researcher with Beijing National Accounting Institute.

Global auto companies will become more active in the Chinese market, and through trade and investment, China could become one of the world's most competitive auto markets, according to experts.

"The tariff cut will undoubtedly bring more pressure to bear on Chinese brands, but China will not waver in continuing its opening-up policy," said Dong Yang, deputy head of the China Association of Automobile Manufacturers (CAAM).

Dong said domestic auto makers will accelerate transformation and upgrading and grow to grapple with the competition.

"For Chinese consumers, the tariff cuts bring vehicles and services at lower prices," said Xu Haidong, secretary general of the CAAM.

The tariff cut is aimed at increasing competition in the industry to improve its quality and efficiency, and bring car prices down.

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