SUBSCRIBERS
China cuts import tax for clothing, shoes, skincare
Published Mon, May 25, 2015 · 09:50 PM
Beijing
CHINESE shoppers may get better deals on items including sports shoes, face cream, and diapers after the government reduced import tax by half to boost consumption.
Import tariff for some clothes, shoes, and skincare products will be cut by an average of more than 50 per cent starting June 1, according to a statement from the Customs Bureau of the Ministry of Finance on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action