Tuesday, March 29, 2011

City Economic Review - the voice of imported food prices getting higher tariff reduction



    quiet down
    imported food movements after China joins the WTO, more and more imported food in the supermarket and convenience store shelves, they are a quality assurance, new taste, attractive packaging good taste and other advantages, has won the hearts of customers. According to the American Food Industry Association predicts that by 2018 China will become the world's largest consumer of imported food, imported food market in China will scale up to 4800 billion yuan.
    Korean seaweed, Japanese candy, French wine, Swiss chocolate, Spanish olive oil ... ... in recent years, various supermarkets compete for imported food has become the new battleground, this supermarket has become one of the means to improve operational quality. More and more people from high-end to the spread of middle class families, demanding of the quality of life of Chinese middle class, will be the largest purchase of imported food crowd.
    Recently, Xi'an appear in major supermarket food imports Near the West Gate in Xi'an, a large supermarket, a certain brand of Korean citron tea prices from 48 yuan to 39.8 yuan; Malaysia's imports of biscuits from a 9.8 yuan to 6.8 yuan.

    State Administration of Taxation has revealed, is brewing reduce cosmetics, imported milk powder and other goods import taxes. It seems many consumers, will mean that the price of many high-end foreign goods cheaper.
    It is reported that China's current need for imports of milk powder import tariffs and VAT, if from the MFN, a tax rate of 22%. If it is ordinary countries import tax rate is 57% milk powder. In addition, the need to levy 17% VAT.
    and for cosmetics and skin care and hair care products such luxuries and other non-necessities,vibram 5 fingers, in addition to import tariffs and value-added tax, the need to levy a 30% consumption tax.
    experts said that imported goods tariff reduction, will reduce its cost of sales, prices will drop; to cosmetics as a
    In fact, as early as this year's General Administration of Customs already required, since January 27, the computer, video camcorders and digital cameras and other information technology products tax rate from 20% to 10% tariff cut in half. In this regard, many favorite consumer brands occupy foreign Xi'an fair share of the market retail prices of many commodities remains to be seen.
    consumers to buy imported goods the principal means.
    compared with imported food, much favored by fashion people did not follow the prices of imported cosmetics, high prices that many consumers flinch. On the contrary, including Lancome, Chanel, Clinique and other imports, including many big-name cosmetics, quietly price increase from 5% to 15%.
    in many industry view, high taxes have a lot of imported goods has become a
    the lower part of the goods are in the pipeline import taxes, will make imports of these commodities in the normal way to prevent the loss of tax revenue.
    2010 Annual Monitoring Report of China e-commerce market data shows that in 2010 China Overseas Market Shopping deal size reached 120 million, purchasing the majority of these are not expected to pay customs duties, import taxes at least 10% or more,mac brushes, and more 100% or more, so this part of the loss of revenue there are at least billions of dollars. According to the increasing trend of overseas purchasing, some scholars have estimated that by 2012 the scale of overseas purchasing will reach 48 billion yuan of transactions,mac makeup, the tax loss will be even greater. Research Center of Chinese e-commerce analyst
    Fang Ying Chi said that at present, overseas purchasing is divided into several categories: the first is a personal shopping abroad or professional purchasing team to go abroad to purchase targeted goods, shipped back to China and then conduct business; second category is the individual seller to overseas mail order shopping site back to China to conduct purchasing; the third type is the environment in which overseas sellers through their own advantage, to help buyers purchasing country, and then mailed to buyers.
    Chinese e-commerce research center that from the policy to be involved, is the rectification of the current confusion in the development of overseas purchasing a good way to disorder, although the short term there will be a wave of purchasing out of the industry, but in the long run, the industry chaos will play a catalytic role as remediation.
    Ministry of Commerce officials said that given the recent national purchasing through the Internet, personal exit, and a considerable amount of the procurement approach, which is two years with inflation and increasing food safety concerns and other factors, types of products people buy abroad More and more, and showed an increased trend, instead of avoiding the fact that some domestic products as lower tariffs, to attract back to the domestic consumption and increase domestic demand.
    Another expert pointed out that, due to high tariffs on luxury goods has led to the Mainland is now a luxury price much higher than the strange phenomenon of foreign countries. The serious consequences of this phenomenon is hindered the normal high-end consumer goods in China, so that consumers bear more reasonable prices, most of the benefits given to foreign producers.
    policy change is imperative
    National Tax Administration officials said the pipeline will import consumption tax program to focus on adjustments, cancel milk, cosmetics consumption tax,blackhawks jerseys, the forward will cancel the gold, jewelry, jewelry consumption tax.
    whether the attitude of government officials or the voices from the private sector, have shown that increased imports will be expanded to parallel with the expansion of domestic demand strategic imperative. The reduction of tariffs, including tariffs and the removal or reduction of luxury quotas, reduce logistics costs and other relevant policies and support, is expected will be filed out.
    from the Chinese government published the adjustment of China's foreign trade policy is clearly imperative.
    addition to the input and structural inflation, massive trade surplus is converted to foreign exchange reserves growth, foreign exchange formed by the pressure of excessive money supply is also a hotbed of inflation lead to long-term one.
    the 2010 annual growth rate of exports and imports were 31.3% and 38.7%, trade surplus decreased by 6.4%. China's
    It is learned that China's huge trade surplus with the pressure, which makes the surplus that the RMB exchange rate under pressure. How to further expand imports and reduce trade surplus, increasing domestic demand, not only to alleviate the pressure on China's trade surplus, but also the long-term healthy development of China's economy, creating endogenous economy.
    the same time, lowered the rate of some commodities, can effectively stabilize this part of the difference between commodity prices at home and abroad, for ease domestic inflation, the worsening situation in the present good role in promoting. At least the Government can be seen as inflation control signals issued by one.
    Some experts believe that lower tariffs and promote the national consumption in the country for the restructuring of the Chinese economy is important. If the State Administration of Taxation reduced milk, cosmetics and other goods tariffs, the impact on the Chinese economy will be the first to promote trade balance. Meanwhile, the promotion of supply and demand balance, will help ease the shortage of domestic supply and demand, the promotion of domestic enterprises to improve product quality, improve service quality, so consumers can spend less money relative to high-quality products.
    Links:
    identify the authenticity of imported food is not absolutely safe
    imported goods, except food, regardless of clothing, household appliances, food or cosmetics, the annual quality checks will find the problem. Consumer food safety suspicion is relatively high, because these products are In fact, if you say absolutely no problem with domestic food safety, imported food is also 100% safe, is irresponsible.
    to note is that the pretty packaging does not mean you have foreign language fonts is to buy imported food, to verify whether or not what to buy imported goods, in addition to packaging, but also need to know how to identify.
    to carefully review whether the Chinese label on the packaging, according to state, label.
    purchased look out when purchasing food packaging is affixed to a laser security of the Dealers can also store view