20 August 2019

Lower import tax on luxury goods proposed, paper says

Zhang Xiaoji, a member of the Chinese People’s Political Consultative Conference (CPPCC), is proposing that import tax on middle and high-end consumer goods be reduced, the National Business Daily reported Tuesday. Import tax levied on goods such as costumes, shoes, handbags, jewelry and medicines, could be lowered by at least 10 percent, Zhang was quoted as saying. Overseas consumption of such goods by Chinese tourists reached 600 billion yuan (US$98.4 billion) in 2013, the report said. A proposal to cut import duty on luxury goods had been rejected by financial ministry in 2012.

– Contact HKEJ at [email protected]





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