Is The Chinese Market Or A Luxury Goods Exporter?

Recently, the Ministry of Finance said that since January 1, 2016, China will partly adjust its export duties and appropriately expand the scope of tax cuts for consumer goods.

The announcement of the news brought a lot of joy to many people: glad that buyers finally did not have to buy on behalf of them, but they were worried about sellers. This means that after the promulgation of the act, the purchasing groups may lose their price advantage and affect the purchasing industry or sea fishing.

Development.

And in June 1st this year, China has just lowered some clothing.

The import tariff rate of daily consumer goods, such as skin care products and diapers, has fallen by an average of more than 50%.

The reason for the implementation of this policy is that the price of domestic luxury goods is higher than that of the rest of the world. The difference between domestic and international luxury goods stimulates the demand of domestic consumers for tourism shopping and purchasing, while the decrease of luxury consumption in China is largely offset by the strong overseas consumption of Chinese tourists.

This will seriously cause the luxury stores in China to fall into the role of exhibition hall.

In April this year, Chanel, which had been raising its price year after year, made the first move from April 8, 2015 to coordinate the price gap among the various markets in the world, down the price of the Chinese mainland and increase the selling price in Europe by 20%, and the difference between the two places after the price adjustment is not more than 5%.

Chanel's move has knocked down the Domino of the luxury market, including luxury brands such as Dior and Versace.

Will the release of this announcement inhibit the frenzy of overseas purchasing? Is it possible for China's market to resume growth or make a similar result after the price adjustment of luxury goods?

Such a new growth point for exporting countries has not been known to us, but for China's depressed luxury market, the law of conquest is obviously a timely rain. How to grow and thrive depends on the success of the Chinese market.