Will The Chinese Market Become An Exporter Of Luxury Goods?
Recently, the Ministry of Finance said that since January 1, 2016, China will partly adjust its export duties and appropriately expand the scope of tax cuts for consumer goods.
The announcement of the news brought a lot of joy to many people: happily, the buyer finally did not have to buy on behalf of the hard work, worried about the seller, which means that after the promulgation of this act, perhaps the purchasing groups have lost the price advantage, affecting the purchasing industry or the development of the sea scouring industry.
In April this year, prices were rising every year.
Chanel
The first time since April 8, 2015, it has coordinated the price gap in various markets around the world, lowered the price of the Chinese mainland, and raised the price of Europe by 20%.
Price difference
No more than 5%.
Chanel's move has knocked down the Domino of the luxury market, including luxury brands such as Dior and Versace.
Will the release of this announcement inhibit the frenzy of overseas purchasing? Is it possible for China's market after the luxury price adjustment to resume growth or create a similar luxury?
Buying on behalf of
Such a new growth point for exporting countries has not been known to us, but for China's depressed luxury market, the law of conquest is obviously a timely rain. How to grow and thrive depends on the success of the Chinese market.
And in June 1st this year, China has just lowered the import tariff rate of some consumer goods such as clothing, footwear, skin care products, diapers and so on, with an average drop of over 50%.
The reason for the implementation of this policy is that the price of domestic luxury goods is higher than that of the rest of the world. The difference between domestic and international luxury goods stimulates the demand of domestic consumers for tourism shopping and purchasing, while the decrease of luxury consumption in China is largely offset by the strong overseas consumption of Chinese tourists.
This will seriously cause the luxury stores in China to fall into the role of exhibition hall.
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