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    The Consumption And The Quality Of Domestic Products Need To Be Strengthened.

    2012/10/28 13:15:00 15

    Luxury Purchasing PowerTariffConsumption Shift

    At present, the whole world is concerned about China's huge.

    Luxury purchasing power

    According to the data released by the World Luxury Association in June 9th, the consumption of Chinese abroad is 4 times that of the domestic market, and consumption is seriously shifting.

    A Chinese market research firm based in Shanghai estimates that Chinese tourists spend $54 billion abroad in 2010, while overseas travel in 2011 will continue to grow by 12% to 14%.

    EBay data show that since the opening of the website self purchase business, monthly turnover increased by 3 to 5 times.

    Some scholars predict that by 2012, the scale of overseas purchasing will reach 48 billion yuan.


    Therefore, by adopting various measures, including import tariff reduction, to promote the return of luxury goods to China, it is of great significance for China's economic development, especially the layout of economic development, which is dependent on exports and investment to stimulate economic growth, which is the trinity of exports, consumption and investment.

    But lowering import tariffs does not solve luxury goods and others.

    Consumption shift

    The phenomenon is not only due to the fact that import tariffs lead to high domestic prices.


    First, the low quality of domestic consumer market and low credit are the key reasons for the shift of consumption.

    Many people worry about buying fake goods in China, so they have to go shopping abroad when they have the chance.


    Second, China's "extravagance and extravagance" and extravagance and waste are extremely serious.

    A large proportion of those who go abroad to extravagant consumption are those who are rich without honest workers.

    They often do not consider how to pform this part of wealth into social reproduction, which makes many rich people, even if the quality of domestic consumer goods is better than that of foreign countries, must also run to foreign consumption.


    Third, the price of domestic consumer goods is higher than that of overseas countries.

    tariff

    It's just a factor.

    Take imported cosmetics, in addition to paying 6.5%~18% import duties, but also to pay 17% of value-added tax, 30% of consumption tax, the cumulative need to pay the highest tax rate of more than 60%.

    In addition to these taxes and fees, there are also high toll, entry fees, logistics fees and turnover tax and income tax on domestic value-added links. These factors lead to "outside and inside expensive".

    Data show that watches, bags, clothing, wine, electronics and other five kinds of products 20 kinds of high-end consumer goods, the mainland market price is 45% higher than Hongkong, 51% higher than the United States, 72% higher than France.

    Therefore, if we only adopt measures to reduce import tariffs, the effect of solving the phenomenon of luxuries consumption will not be obvious.


    In terms of consumption, the consumption of luxury goods is not only shifting away from the luxury goods, but also to the overseas consumption of the rich. Some of them are not the consumption of luxury goods, such as buying foreign milk powder, and the necessities of coastal provinces and cities to Hongkong, Macao to fight soy sauce, buy salt and other necessities.

    All these indicate that overseas consumption is a phenomenon that can not be ignored. The reasons are not only price factors, but also credit and quality factors.

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