"The further reduction of import tariffs, including the tariffs on medium and high-grade goods, is the general trend. All departments also have a basis and consensus on this point." Yao Jian, spokesman of the Ministry of Commerce, told reporters present at the monthly regular press conference yesterday.
Implementing the strategy of expanding imports In fact, adjusting import tariffs on commodities is part of an overall strategy for expanding imports.
Yao Jian said that since last year, the Ministry of Commerce has been very concerned about import issues. The import issue involves the overall framework of macroeconomic policies. During this period of time, the import issue involves many aspects. First, it involves companies, industries, service industries, and so on. In addition, from the policy point of view, multiple constituent departments involved in the State Council need to jointly study and design this policy. The Ministry of Commerce has already communicated well with various departments. The most important thing is that the expansion of imports is an important task of the State Council this year during the government work report. The strategic objective of expanding imports and realizing equal importance of exports and imports is a macro policy and measure that China must practice in scientific development and at the present stage. It is not an interim policy, but it is continuous and long-term.
The website of the Ministry of Finance recently published a notice on the issuance of “Provisional Regulations on the Importation of Imported Animations from Animation Enterprises for Exploitation and Production of Animation Productsâ€, specifying that animation companies that have been identified by the relevant departments of the State Council independently develop and produce animation direct products and that they really need to import goods. Enjoy the policy of exemption from import duties and import value-added tax. Informed sources disclosed to this reporter that this is also a reflection of the ministries’ implementation of the rules for the expansion of imports.
Last month, a reporter from the "First Financial Daily" has learned from relevant sources that the current rules on the expansion of imports have been written and submitted to the State Council for approval. It is expected that this year will be introduced. The content of the detailed rules relates to a general idea and principle coordinated by various ministries and commissions, including product scope, categories, etc., as well as the reduction of tariffs on medium and high-grade goods.
"This is just a very principled thing, but how to adjust tariffs and how to define middle-to-high-end commodities is unknown." The above-mentioned sources disclosed that "In addition, even if the details are approved, whether or not to adjust tariffs is also an opportunity and The problem of scope."
Earlier, a person close to the decision-making level disclosed to reporters that the relevant departments have been brewing to adjust import tax rates, but the reasons for not yet making the decision include the fact that the price cuts of related products may affect the competitive brands of similar domestic industries and may cause high prices. Income earners use less money to consume more luxury consumer goods and evade higher tariffs.
“Actually, specific calculations have been carried out since this is a one-on-one adjustment that affects the whole body too much, so the progress is slow.†He said, but it does not rule out accelerating the reform process on specific consumer goods.
Luxury goods consumption will return to the domestic tax cut for high-end goods. The direct effect will be the return of luxury goods to the country.
At present, the whole world is paying attention to China's huge luxury purchasing power. According to the data released by the World Luxury Association on the 9th, the consumption of foreigners in China is more than four times that of the domestic market, and consumption is seriously shifted.
Ouyang Kun, the chief representative of the Chinese luxury goods association, thinks that this is mainly caused by the separation of luxury goods prices at home and abroad. The current tax rate in the Chinese luxury goods market is the highest in the world. According to a set of data announced by Yao Jian at the press conference in March this year, 20 kinds of high-end consumer goods such as watches, bags, clothing, wine, and electronics have a 45% higher price in the mainland market than in Hong Kong, which is higher than the United States. 51%, 72% higher than France.
The World Luxury Goods Association report predicts that by 2012 China's luxury goods market will reach US$14.6 billion, reaching the peak of global luxury goods consumption.
The huge price gap between luxury goods inside and outside, in addition to being unfair to consumers, has also led to an underestimation of Chinese imports and has also led to the loss of a large number of customs duties.
Yao Jian once said: “Some people say that China’s individual overseas purchases are about 1,000 US dollars. There are so many Chinese overseas tourists who purchase goods because these goods are not included in the customs statistics. This actually led to imports to China. Underestimating the scale of tens of billions of dollars will also affect the judgment of trade balance."
However, at present, people from all walks of life are generally paying attention to "the reduction of taxes on medium and high-grade goods." Zhang Yansheng, director of the Institute of Foreign Economic Research of the National Development and Reform Commission, disagrees. He believes that if we really want to lower import tariffs, the goal should be to benefit the largest number of ordinary workers, and we must not only reduce taxes on medium and high-end goods. “Mid-to-high end consumer goods are the products that a few people consume. We cannot get old before we get rich, and then we don’t get rich first,†he said.
He believes that lowering import tariffs on products should be considered from the perspective of favoring changes in the economic development mode, rather than balancing trade between high-end and luxury goods. On the one hand, compared with the import of bulk commodities, the overall amount of medium-to-high-end consumer goods is relatively small, and the effect on the promotion of international balance of payments needs to be evaluated. On the Other hand, the current trade imbalance is the inevitable result of globalization.
Implementing the strategy of expanding imports In fact, adjusting import tariffs on commodities is part of an overall strategy for expanding imports.
Yao Jian said that since last year, the Ministry of Commerce has been very concerned about import issues. The import issue involves the overall framework of macroeconomic policies. During this period of time, the import issue involves many aspects. First, it involves companies, industries, service industries, and so on. In addition, from the policy point of view, multiple constituent departments involved in the State Council need to jointly study and design this policy. The Ministry of Commerce has already communicated well with various departments. The most important thing is that the expansion of imports is an important task of the State Council this year during the government work report. The strategic objective of expanding imports and realizing equal importance of exports and imports is a macro policy and measure that China must practice in scientific development and at the present stage. It is not an interim policy, but it is continuous and long-term.
The website of the Ministry of Finance recently published a notice on the issuance of “Provisional Regulations on the Importation of Imported Animations from Animation Enterprises for Exploitation and Production of Animation Productsâ€, specifying that animation companies that have been identified by the relevant departments of the State Council independently develop and produce animation direct products and that they really need to import goods. Enjoy the policy of exemption from import duties and import value-added tax. Informed sources disclosed to this reporter that this is also a reflection of the ministries’ implementation of the rules for the expansion of imports.
Last month, a reporter from the "First Financial Daily" has learned from relevant sources that the current rules on the expansion of imports have been written and submitted to the State Council for approval. It is expected that this year will be introduced. The content of the detailed rules relates to a general idea and principle coordinated by various ministries and commissions, including product scope, categories, etc., as well as the reduction of tariffs on medium and high-grade goods.
"This is just a very principled thing, but how to adjust tariffs and how to define middle-to-high-end commodities is unknown." The above-mentioned sources disclosed that "In addition, even if the details are approved, whether or not to adjust tariffs is also an opportunity and The problem of scope."
Earlier, a person close to the decision-making level disclosed to reporters that the relevant departments have been brewing to adjust import tax rates, but the reasons for not yet making the decision include the fact that the price cuts of related products may affect the competitive brands of similar domestic industries and may cause high prices. Income earners use less money to consume more luxury consumer goods and evade higher tariffs.
“Actually, specific calculations have been carried out since this is a one-on-one adjustment that affects the whole body too much, so the progress is slow.†He said, but it does not rule out accelerating the reform process on specific consumer goods.
Luxury goods consumption will return to the domestic tax cut for high-end goods. The direct effect will be the return of luxury goods to the country.
At present, the whole world is paying attention to China's huge luxury purchasing power. According to the data released by the World Luxury Association on the 9th, the consumption of foreigners in China is more than four times that of the domestic market, and consumption is seriously shifted.
Ouyang Kun, the chief representative of the Chinese luxury goods association, thinks that this is mainly caused by the separation of luxury goods prices at home and abroad. The current tax rate in the Chinese luxury goods market is the highest in the world. According to a set of data announced by Yao Jian at the press conference in March this year, 20 kinds of high-end consumer goods such as watches, bags, clothing, wine, and electronics have a 45% higher price in the mainland market than in Hong Kong, which is higher than the United States. 51%, 72% higher than France.
The World Luxury Goods Association report predicts that by 2012 China's luxury goods market will reach US$14.6 billion, reaching the peak of global luxury goods consumption.
The huge price gap between luxury goods inside and outside, in addition to being unfair to consumers, has also led to an underestimation of Chinese imports and has also led to the loss of a large number of customs duties.
Yao Jian once said: “Some people say that China’s individual overseas purchases are about 1,000 US dollars. There are so many Chinese overseas tourists who purchase goods because these goods are not included in the customs statistics. This actually led to imports to China. Underestimating the scale of tens of billions of dollars will also affect the judgment of trade balance."
However, at present, people from all walks of life are generally paying attention to "the reduction of taxes on medium and high-grade goods." Zhang Yansheng, director of the Institute of Foreign Economic Research of the National Development and Reform Commission, disagrees. He believes that if we really want to lower import tariffs, the goal should be to benefit the largest number of ordinary workers, and we must not only reduce taxes on medium and high-end goods. “Mid-to-high end consumer goods are the products that a few people consume. We cannot get old before we get rich, and then we don’t get rich first,†he said.
He believes that lowering import tariffs on products should be considered from the perspective of favoring changes in the economic development mode, rather than balancing trade between high-end and luxury goods. On the one hand, compared with the import of bulk commodities, the overall amount of medium-to-high-end consumer goods is relatively small, and the effect on the promotion of international balance of payments needs to be evaluated. On the Other hand, the current trade imbalance is the inevitable result of globalization.
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