Luxury Goods Are The World'S Highest Priced In China.

Sun Yibiao, deputy director of the National People's Congress and deputy director of the General Administration of Customs of China, was surprised when he spoke to the delegation of Shanghai. In an exclusive interview with reporters yesterday, the representative of Sun Yibiao also said that luxury brands wanted to give domestic consumers the highest price in the world. In fact, tariffs only accounted for 3%~4% of the price of luxury goods.

"For

Sun Yibiao said that the average tariff rate of China now is 9.8%, which has already met the promise of WTO accession.

"Formerly called luxury goods, now called consumer goods."

On behalf of the tax rate for luxury goods, Sun Yibiao representative further explained that in the past view, luxury goods seemed to be very rich people to use, but in fact, these general luxury goods used to be considered more accurately are high-end consumer goods.

Sun Yibiao pointed out that, for example, brand name bags and cosmetics, the current price in China is so high that it is definitely not caused by tariff collection to them, but the price of luxury brands is determined by brand names.

The representative of Sun Yibiao said that the international luxury goods usually have three prices, one is the New York price, the other is the US price; the other is the French price, which is targeted at the EU countries; one is the Japanese price, which is targeted at Asia.

For China, international luxury brands

"For example, watches, tariffs only account for 3%~4% of its price."

Representative Sun Yibiao said, "I take a step back, that is, tariffs will be 0, and the price of luxury goods will be so high."

However, "tariff is 0, which means that all profits are sold to branding providers, and they can not protect domestic products."

Representative Sun Yibiao said.

Representative Sun Yibiao said that some places in China are seeking those luxuries.