China has set new rules on imported retail goods sold over trans-border e-commerce platforms.
CCTV’s He Weiwei reports.
China's new rules on imported goods take effectChina has set new rules on imported retail goods sold over trans-border e-commerce platforms. CCTV's He Weiwei reports.
Under the new policy, retail goods purchased online will no longer enjoy what’s called “parcel tax” rate, which is much lower than that on the other imported goods. But that does not mean all products will see a price hike.
According to the new tax rules, prices of some imported goods on trans border e-commerce platforms will see a rise. For example, the price of a can of baby formula will be 12 percent higher, but other expensive products will see lower prices.
Experts believe the policy is good news to the trans-border e-commerce sector. Potential investors used to hesitate in pumping money into the industry, fearing for losing the preferential policies they currently enjoy.
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