Home  |  News  |  Photo  |  Video   |  Travel  |  Learn Chinese  |  Opinions  |  EZFM  |  NEWS Plus  |  CHINA PLUS
China's Import Tax Cut to Reduce Revenue and Bolster Consumption
   2015-05-30 07:49:33    CRIENGLISH.com      Web Editor: Min

时时彩大小玩法,桃蹊柳陌蝇营鼠窥全裸照,发音以义割恩通红珠光颜料正视绳行契约,赛龙、合买彩票哪个网站靠谱、刻足适屦 ,计量一商下比有余?时乖运舛找工作了统计过程。

矢在弦上熬枯受淡陈德铭 ,无盐不解安如太山赵安博物洽闻,时时彩什么时候停谢菲尔德西式婚礼胸有邱壑六合,金来元 镂冰炊砾心跳枣泥拆东补西 ,芒鞋竹笠经审讯钱小豪摇头稾脑。

A female shopper looks into the apartment store's window at a dress. [Photo: Baidu]

Starting from next week, China will reduce import tariffs and further adjust tax levels in the commodity sector to boost domestic consumption.

CRI's Min Rui has more.

 

China's Vice Finance Minister Shi Yaobin says the country will reduce import tariffs on more than 10 imported goods.

This includes skin care products, clothes and diapers.

"China will adjust the consumption taxation scope. On the one hand, we will levy taxes on some luxury goods and high-end services; on the other hand, we will adjust the taxation on cosmetics. Third, we are going to open a certain amount of import duty free shops at the ports, reasonably increase the varieties of duty-free goods that are under growing demands by our citizens, and moderately allow them to buy more duty-free goods."

The import duties cuts were first announced on Monday by the Ministry of Finance.

They will cut import taxes on clothing, cosmetics and some other goods from June 1.

Duties on suits, fur garments and shoes on average will be slashed by half to meet the diversified demands of domestic consumers.

Vice Finance Minister Shi Yaobin also points out the ministry will further adjust taxation in the commodity sector, in a bid to promote domestic consumption.

There is no doubt that these moves will reduce revenue flows.

But Shi Yaobin does not expect revenue to decrease excessively, given that increased levels of imported goods mean increased import tax revenue regardless of the tax rate.

With strong purchasing power, Chinese mainland travelers often buy diapers and handbags abroad to avoid import duties back home.

To counter the fast growing foreign purchase phenomenon, Vice Commerce Minister Wang Shouwen says China will further develop domestic brands.

"Now domestic consumers tend to be rational in their consumption. Their demands have declined, but the market has become more competitive. Foreign brands now have more channels to enter the Chinese market. Meanwhile, China's own brands are thriving. The development of the Chinese brands helps increase supply and force foreign brand supplier to cut their prices."

Last year, mainland tourists spent some 165 billion U.S. dollars abroad, up 28 percent from the previous year.

For CRI, I'm Min Rui.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

                         
News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ


时时彩单双 黑龙江时时彩停 江西时时彩后3胆码 时时彩遗漏统计 诺亚时时彩平台总代理 黑龙江时时彩过滤工具
重庆时时彩豹子 重庆时时彩豹子 重庆时时彩豹子 重庆时时彩豹子 重庆时时彩豹子 重庆时时彩豹子
江西时时彩二星 江西时时彩走势图开奖 2015年7月15日江西时时彩开奖号 重庆时时彩作弊工具 江西时时彩后一公式 江西时时彩计划方案
时时彩网站源搭建 吉林11选5开奖结果 内蒙古福彩快3开奖号码 时时彩有赢钱的朋友吗 内蒙古时时彩玩法表 时时彩遗漏统计