Starting from December 1, China will reduce the im
port tariffs on some co
nsumer goods by a tentative tax rate, and the average tax rate will dro
p from 17.3% to 7.7%. The labor reporter noted that the adjustment not o
nly covers a wide area, but also the decline is very obvious. Among them, the infant formula and Diaper
are even adjusted to zero tax rate. Experts believe that this move will directly help to keep a large number of outflows in the country.
Re-layout of multinational wine companies
According to the official website of the Ministry of Finance, China will reduce the import tariffs on some consumer goods by means of a provisional tax rate, which will be implemented from December 1, 2017.
This is the fourth time that China has reduced import tariffs on some consumer goods since 2015.
As of November 2017, China has successively lowered import tariffs on some consumer goods such as clothing, bags, shoes, specialty foods and pharmaceuticals, and imposed a provisional tax rate on 152 items of consumer goods, with an average reduction of 50%. The annual import value of trade is 10.9 billion US dollars.
The reporter saw that this time the tax reduction was ba
sed on the previous ones. The scope of adjustment covers food, health care products, pharmaceuticals, daily chemical products, clothing and shoes, household equipment, cultural entertainment, daily grocery and other co
nsumer goods; smart toilet cover Co
nsumer products that are closely related to public life, such as cosmetics, milk powder, diaper
s, etc., are also listed, involving a total of 187 8-digit tax numbers.
The average tariff rate for import tariffs fell from 17.3% to 7.7%, a significant drop. Among them, the coffee machine, smart toilet cover from 32% to 10%, mineral water from 20% to 10%, lipstick, eye shadow, perfume and other cosmetics tariffs from 10% to 5%.
The carding found that the biggest adjustment was “wine wines filled with 2 liters and below containers and other wines made from fresh grapes with plants or spices”. The tax rate is tentatively lowered from 65% to 14%, a drop of up to 51 percentage points.
In this regard, France's first wine producer France Cassie said that it will reconsider the introduction of its "Very" series of formula wine into the Chinese market. It is reported that due to the high tariffs before, the performance of this series of products in China has been poor.
Domestic related companies will be under pressure
It should be pointed out that the import tariffs of three types of commodities are directly adjusted to zero.
In China, the im
port tariff on milk protein partial hydrolysis formula, milk protein deep hydrolysis formula, amino acid formula, lactose-free formula special infant milk powder is 20%, this time directly reduces to zero tariff; at the same time, Baby diaper
s and diapers, other diapers and The tariff on diapers has been reduced from 7.5% to zero.
However, some industry experts believe that the reduction of import tariffs on general trade products such as infant formula and diapers may affect the performance of domestic related companies.
“The price of special formula milk powder for infants and young children in China is more than 300 yuan per pot. The foreign special formula milk powder is originally cheaper than domestic ones because of the raw material cost. The price is usually 150 yuan to 200 yuan per tank in foreign countries. "Dairy expert Song Liang told reporters that this means that before the tariff adjustment, even if tariffs are added, the price of imported infant formula for foreign infants is at least 30% lower than that of the domestic market. If it is lowered again, it will be More advantage.
Promote high-end consumption reflow
“From the past high-tech products to today's consumer goods, reducing import tariffs has become a trend.” Zhao Ping, director of the International Trade Research Department of the China Council for the Promotion of International Trade, said, “This initiative will intensify domestic product market competition through openness to domestic production. The formation of certain pressures will have a decisive effect on the transformation and upgrading of the domestic consumer goods industry, and will also help promote Chinese enterprises to the high end of the global value chain."
At present, China regards improving the quality of the supply system as the main direction, and proposes to cultivate new growth points and create new kinetic energy in the fields of high-end consumption and innovation leading.
For the majority of consumers, the adjustment of import tariffs means that in the future, you can buy your favorite imported products at a lower price in China.
According to data from the World Tourism Organization, in 2016, overseas tourist spending by Chinese tourists reached 261 billion U.S. dollars, a year-on-year increase of 12%. Chinese tourists are the most tourists in the world. The direct impact of this policy is to help keep large amounts of outflows in the country.
Some people believe that this tariff reduction will have a negative impact on cross-border e-commerce. Chen Tao, a senior analyst at the Analysys Life Service Research Center, told the reporter that the goods sold in this tax adjustment will be gradually approached by the terminal sales price of the same commodity imported in the form of cross-border e-commerce and the terminal sales price of the general trade form. At the same time as consumers bring benefits, cross-border e-commerce will also face the pressure of traditional trade forms.