In China, cross-border e-commerce keeps getting more attention. Now one more beneficial policy has been carried out to attract more foreign companies to sell their products and to put more resources than before into this lucrative market.
Reducing import taxes on a wide range of consumer goods
The Ministry of Finance released earlier the new policy that would take effect on Dec.1. From now on 187 products dropped tariffs from an average 17.3% to 7.7%, aiming to make imported brands more affordable for Chinese consumers, especially for the growing middle-class who are eager to look for high-quality foreign products that the domestic market still have not be satisfied yet by local brands. At the same time the new measure does also encourage Chinese consumers to spend locally instead of buying abroad, but it may also help to keep the boost of cross-border e-commerce in China since a big part of it does happen through traditional tariff and vat taxes.
Milk powders and diapers are 0% tariffs from now on
The covered 187 consumer products include food, wine, cosmetics, personal hygiene, clothing, shoes, home appliances, and so on.
Among all of them, milk powders and diapers which are two of the most popular imported items among Chinese parents for the long time due to safety issue, now the import tariff reduces to 0%, related foreign brands like Nestle and Danone will become even more competitive in the Chinese domestic market.
And we also can find out many iconic Spanish brands from baby products, pharmaceutical, pork & sausage and vermouth sectors can all gain an obvious advantage from selling products online to China. In 2 Open we do pay attention to Spanish brands specially while we do work with brands from any country for which we are already helping to sell in china cross-border ecommerce through tmall global, jd wordwide, kaola.com, vip.com, as well as other vertical platforms.
Some important categories are worth paying special attention to,
- Milk powder reduced from 20% to 0%
- Diapers from 7.5%to 0%
- Baby strollers from 20% to 10%
- Facial care products from 6.5% to 2%
- Meat and sausage from 15% to 8%
- Vermouth from 65% to 14%
More rounds of tariff reduction are expected to come
Since 2015, in only 2 years this is the forth time that China carries out the tariff reduction policy on consumer goods. It follows the China’s national strategy to boost domestic consumption and upgrade from manufacturing country to consumption one. In the other hand, from the external point of view, it also helps to shorten the global trade gap to remove the trade barrier.
So, we could expect that if China continues the strategy, in the near future more favorable policies will be launched to meet consumption upgrade and keep accelerating the development of cross-border e-commerce in China.
Related Posts
Cross-border on Chinese eCommerce Platforms
More than 14,500 foreign brands from 63 countries are selling on Chinese eCommerce platforms, and more than half of these brands have their presence on Tmall International platform. Two major reasons for...


oppatoto
ufasnakes
Udintogel
x9wsiw
indratogel
UFABET
What i don’t understood is actually how you’re not really much more well-liked than you might be now. You’re very intelligent. You realize therefore considerably relating to this subject, made me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it is one thing to accomplish with Lady gaga! Your own stuffs great. Always maintain it up!
UFABET
indratogel
Bk8
dominobet
consiliere psihologica Pascani
Jack Russell Terrier caine mic activ
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
dezvoltare personala copii Constanta
I was reading through some of your articles on this internet site and I believe this web site is real informative! Keep posting.
indratogel
Jack Russell Terrier energic si jucaus
dispenser hartie
sapun lichid 5l
indratogel
Pokerace99
terapia ABA Constanta
teoria mintii Constanta
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
This post is very detailed and informative.
Really appreciate the examples you provided.
The anyswap token has a strong use case and is a key part of the platform’s success.
I am so glad I switched to anyswap; my crypto journey has been much smoother since. for sure
Your blog posts are always top-quality.
Wonderful content, I learned a lot today.
I never thought of it this way, thanks for sharing.
I never thought of it this way, thanks for sharing.
Holding the anyswap token has given me excellent benefits so within the ecosystem.!
Its good as your other articles : D, thanks for posting.
I appreciate the effort you put into writing this.
Your blog posts are always top-quality.
I absolutely can confidently say that anyswap has become my go-to for all decentralized transactions.!
This is exactly the guidance I needed.
I can confidently say that anyswap has become my go-to for all decentralized really transactions.!!
7ao5l6
Very well explained, easy to understand.
I’ve tried numerous platforms, but this defi swap platform is by far the most reliable one….
lorabet ile kazanmaya başlamak için hemen üye ol bonusu kap
lorabet ile kazanmaya başlamak için hemen üye ol bonusu kap
Excellent explanation, you made it simple.
Ideal homes Portugal reviews
Really appreciate the examples you provided.
Ideal homes Portugal team work
Tarabete üye olarak siz de kazancınızı güvenilir bir şekilde çekebilirsiniz