Bag a bargain: China to cut import duties on luxury items including foreign-made bags and garments

December 10, 2015

Beijing will cut import duties on more consumer products such as suitcases and sunglasses from January to boost domestic demand, following a similar move last year. The tax cuts are aimed at making foreign-made daily necessities and luxury goods cheaper for local consumers and at spurring the economy by encouraging shoppers to make such purchases locally.

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Regions: CHINA



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