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    China'S Policymakers Also Have A Way To Choose The Tax Reduction Plan For Imported Products.

    2016/3/15 21:56:00 39

    ChinaImport ProductsTax Reduction Plan

    The number of people leaving China in 2015 was 120 million, and overseas consumption, including travel, accommodation and shopping expenses, was 1 trillion and 500 billion yuan, of which there were at least 700 billion ~8000 billion yuan for shopping.

    How to pfer Chinese enthusiasm for buying and selling overseas to China to boost the economy, there is another way for China's policymakers to do so.

    Gao Hucheng, Minister of Commerce, said on 14 afternoon that the number of duty-free shops will be increased this year, and some tax cuts on imported products will be studied.

    From a number of close to decision makers, duty-free shops will be established in more port cities, while tariffs on some people's livelihood products overseas will be reduced.

    Judging from all kinds of news, it has become a set trend to guide the consumption reflow with the way of more duty-free shops.

    The former said to our reporter that the specific way of operation is to hold a passport with a legitimate visa, and within the time limit, you can go to the duty-free shop to purchase goods within the prescribed limit (such as 5000 yuan).

    "This is equivalent to buying something overseas, directly."

    Duty-free store

    Extraction, so that everyone can bring things back from overseas. "

    He said.

    This policy was first seen at the executive session of the State Council in April last year, with the theme of deploying and perfecting policies related to the import and export of consumer goods to enrich domestic consumers' shopping choices.

    "Lowering customs duties and increasing postal tax is conducive to compressing the interests of gray clearance, such as overseas purchasing, etc., and guiding cross-border B2B."

    One person pointed out.

    Related to duty free shops, the meeting decided to increase and restore port entry duty free shops, reasonably expand tax-free varieties, and increase a certain amount of tax-free shopping volume, so as to facilitate domestic consumers to buy foreign products in China.

    It is worth noting that in addition to the two measures to promote overseas consumer reflow, Gao Hu City did not mention cross-border electricity providers yesterday.

    In the late February, at the news conference of the new China office, he once pointed out that "we must make great efforts to develop cross-border e-commerce, and we can go shopping overseas without going out. This is also a priority for our work this year."

    Over the past ten years,

    Middle and high-end consumer goods

    The problem of tax and reflux has always been the focus of academic debate.

    Experts advocating the promotion of domestic consumption and consumption economy suggest that tariff reduction and other expenses should be reduced to pfer Chinese consumption overseas to domestic and promote economic development. At the same time, it will help statistics of real import and export data and allow the trade surplus of dehydration to appear.

    But the other side thinks that this involves what kind of society China wants to build, whether it is economical or extravagant.

    In addition, although the tariffs on high-end or even luxuries are reduced, brand pricing rules will not allow Chinese consumers to enjoy parity.

    However, in recent years, with the growth of the Chinese middle class in overseas shopping, the level of domestic consumption is facing a comprehensive upgrade. China has begun to gradually reduce the tariff of various high-end consumer goods, and has launched a cross border import levy in some cities in order to ensure the supply of high-end consumer goods in maternal and infant categories and people's livelihood.

      

    Gao Hu Cheng

    At a news conference in February, China revealed that the number of people leaving China in 2015 was 120 million. Overseas consumption, including travel, accommodation and shopping expenses, was 1 trillion and 500 billion yuan, of which at least 700 billion ~8000 billion yuan was spent on shopping, a large proportion of which was purchased by the middle and high income groups abroad, and from the past, luxury brands and high-end brands were mainly converted to high quality, cost-effective daily consumer goods.

    In 2015, China's GDP reached 67 trillion and 700 billion, or about US $11 trillion, and GDP per capita reached US $8000. In some eastern coastal cities, per capita GDP exceeded US $10000, or even more than US $15000.

    He said, it is undeniable that the middle and high income stratum is forming, and the consumption of this stratum is not satisfied with the demand of popularization.

    Gao Hucheng said that one of the key points of the business work from the supply side is how to meet the individualized and differentiated consumption demand of the middle and high income classes to meet their needs for more variety, better quality, safer and more comfortable shopping environment.

    Gao Hucheng believes that in the coming year, it will mainly solve the problems of commodity variety, price, quality, safety, shopping environment and so on.

    For example, he said, there are only 2.3 million kinds of goods provided in China, and there are more than 700 thousand kinds of goods in a famous supermarket in developed countries.

    Besides, the high price involves both the tax and fee and the high logistics cost.


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