China Will Adjust Consumption Tax On Clothing And Cosmetics

In order to boost the economy and expand domestic demand, Premier Li Keqiang of the State Council of China, at the executive meeting of the State Council in April 28th, has put in place a series of relevant strategies.

The meeting held that expanding domestic consumption demand is an important measure for steady growth and structural adjustment. In order to meet the requirements of consumption upgrading, we should improve policies such as tax adjustment, create a fair competitive import and export environment, increase imports of consumer goods with strong purchasing intention of the masses, and promote exports of internationally competitive products, which is conducive to expanding domestic demand, ensuring employment and improving people's livelihood. It is also important for promoting the domestic industry to move towards the high-end level.

The meeting confirmed that the departments concerned should take concrete measures on the basis of scientific assessment. First, we should carry out pilot projects to reduce import tariffs before the end of June this year, and gradually expand the scope of tax reduction products.

Two, we should improve the consumption tax policy of clothing, cosmetics and other consumer goods, and adjust the scope of Taxation, the tax rate and the collection link.

Three is to increase and restore port entry. Duty-free store We should reasonably expand the tax-free varieties and increase a certain amount of duty-free shopping so that domestic consumers can buy foreign products in China.

Four, we should further promote customs clearance and tax rebate for overseas tourists, and strictly implement imported goods in accordance with the law. Formulate the inspection and quarantine policy to support the import of cross-border electricity suppliers, and clean up unreasonable charges in the import links.

Five is to accelerate the upgrading of China's product brand, support. Physical store Development to achieve interaction between online and offline. Standardize market order, crack down on fake and inferior products, and promote survival of the fittest. So that consumers can be comfortable and convenient shopping.

In 2015, due to the mainland of China Luxury goods With the sharp decline of the market and the continuous deterioration of Hong Kong and Macao markets, luxury brands have implemented a price reduction strategy in Greater China. The weakness of the Greater China market is due to the slowdown in China's economic growth and the lack of domestic demand.

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Recently, the the Xinjiang Uygur Autonomous Region industrial and commercial bureau has held an administrative consultation on the quality supervision of wool (cashmere) garments industry, guiding the operators of wool (cashmere) garments to enhance their self-discipline awareness and standardize their business operations.

At the meeting, the the Xinjiang Uygur Autonomous Region industrial and commercial bureau reported the results of the short-term inspection of 18 wool (cashmere) sweater operating units, analyzed the problems of the quality of the wool (cashmere) sweaters and put forward suggestions for rectification, and required the relevant units to support and match the follow-up work of the industrial and commercial departments. At the same time, the the Xinjiang Uygur Autonomous Region industrial and commercial bureau organizes the operator to seriously study the "consumer protection law" and "product quality law", requiring it to strengthen industry self-discipline, operate in good faith according to law, consciously implement the commodity quality inspection and acceptance system, and undertake the quality assurance obligations.

After the end of the talks, the the Xinjiang Uygur Autonomous Region industry and Commerce Bureau signed a pledge of commodity quality with the responsible persons of the relevant business units.