Li Keqiang: Tax Reduction Pilot Launched In Late June

Li Keqiang heard the relevant departments prepare to launch some pilot projects to reduce import tariffs on some foreign consumer goods, and asked: "when can it be implemented?" the head of the relevant department replied that the issue needed multi sectoral communication and could be published in August.

When Li Keqiang listened, he shook his head and rejected it. "Too slow!" he asked the departments to "unify the thought" and accelerate the study, which must be introduced before the end of June.

Li Keqiang stressed that we should seize the key link in stimulating consumption, and we must be determined to reduce it as soon as we assess the import tariff level of some consumer products.

"This is not only conducive to domestic consumers, but also to promote domestic industry upgrading through competition."

It is reported that in addition to the decision to lower import tariffs before the end of June, the conference also put forward some measures such as improving the consumption tax policy of consumer goods such as clothing and cosmetics, adding and restoring port entry duty free shops, further promoting customs clearance and tax rebate for overseas visitors, accelerating the upgrading of Chinese brand products, supporting the development of physical stores, and realizing interaction between online and offline businesses.

"Putting forward a clear timetable means that the foreign trade policy of our country is saying goodbye to the past" award and entry restriction ".

Wang Jian, director of the international business research center of University of International Business and Economics, pointed out that the recent policy makers and the industry are discussing the import policy issues represented by cross-border electricity providers, and whether or not to raise taxes on cross-border electricity providers is one of the most sensitive topics.

He believes that the meeting of the State Council is no doubt a reassurance for consumers who are keen on "Hai Tao". "The prime minister is clear about the tendency to encourage imports."

"In fact, in the past few years, there has been a farewell bid, but the habitual practice is still concerned about the impact of imports on domestic industries."

Bai Ming, deputy director of the International Market Research Institute of the international trade and Economic Cooperation Institute of the Ministry of Commerce, said that China is already the first big country in the trade of goods, and should not only consider the simple arithmetic questions of "how much money and how many things to buy", but "big accounts". What we really care about should be the status in the international division of labor and the participation in the international exchange.

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"In the future, with the expansion of imports and lower prices, it will be a history for citizens to rush to buy milk powder and toilet covers abroad."

According to Wang Jian analysis, official measures such as tariff reduction and other effective measures will help to make the people in need more convenient and inexpensive to buy inexpensive overseas consumer goods.

According to the first quarter economic data released by the National Bureau of statistics, the total retail sales of consumer goods amounted to 7 trillion and 100 billion yuan, an increase of 10.8% in real terms, and the largest contribution to GDP in the three carriages.

Under the downward pressure of the economy, investment and export growth are slowing down, and consumption is playing an increasingly important role in stimulating economic growth.

Not long ago, the Ministry of Commerce released the "consumer market development report" in 2015, pointing out that this year's consumption driven development model will be basically established. In the past 10 years, the consumption rate will exceed 50% for the first time, and consumption will be at the top of the "three carriages".

Although consumption accounts for more than half of GDP, the phenomenon of consumption outflow is worth vigilance.

Data show that last year, China's outbound population has exceeded 100 million, and overseas consumption has exceeded RMB 1 trillion yuan, which not only increased the consumption cost of the Chinese people, but also made China a tourist deficit country.

Zhao Ping, deputy director of the Consumer Economics Research Institute of the Ministry of Commerce, said that the scale of overseas consumption of over trillion yuan is very large. If there is a 30% return, it will be equivalent to a percentage point of last year's total retail sales of social consumer goods.

In addition, Zhao Ping said that the first batch of consumer goods for trial may include cosmetics.

Shoes, hats and bags are not too expensive.

The first pilot area to reduce tariffs may be the four largest free trade area, or the most open frontier area of the newly approved Hangzhou cross border electricity supplier test area. "Commodities may come out from these areas lower."

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Zhao Ping said that tariffs on imported consumer goods could be reduced to 5%-10%.