logo
Agrochemical Regulatory News&Database
NEWS
Details
Legal Supply-side Reform of China’s Consumer Products Promotion Plan

China’s overseas consumption maintained an annual average growth of 25.2% from 2005 to 2014 and the consumption rose to a record of 1,200 billion CNY in 2015, of which 680 billion CNY was for overseas shopping. At the same time, slowing export earnings and investment have left national consumption the only remaining economic driver, which contribute 66.4% of the economy. As China has cut import tariffs on 1,449 categories of consumer products starting from 1 Jul 2018 and the minimum income-tax threshold is expected to be elevated by October this year. Increasing competition between homemade and imported products becomes foreseeable, especially China’s industrial upgrading has been already well underway. This article combines China’s quality legislative program on consumer products, plus the expert analysis and comment on these latest economic policies, as well as a statistical analysis on distributor/purchaser preferences on different product sectors. 

Upgrade to a paid membership is required
To view the relevant content, you need to upgrade to a paid membership. Paid members can use the legal and regulatory database, download ebooks for free, and use all the functions of this site without restrictions. If you would like to receive a 14-day free trial, please click here to proceed to the application page.
Log in Register now
a. This website is for informational purposes only and REACH24H and the author are not responsible for the results of the operation of the published content. In addition, unauthorized copying or use of the content, text, images, etc. of this website is strictly prohibited.
READ MORE