Research Article | OPEN ACCESS
Research on the Impacts of Expensive Food and Luxury Goods Import Tariff Adjustment on Chinese Economy and Related Measures
Qishen Zhou and Mingxing Yang
Gemmological Institute, China University of Geosciences, Wuhan 430074, China
Advance Journal of Food Science and Technology 2013 10:1301-1308
Received: May 10, 2013 | Accepted: June 14, 2013 | Published: October 05, 2013
Abstract
This study aims to investigate the impacts of expensive food and luxury goods import tariff adjustment on Chinese economy and related measures. Nowadays, Asia especially China has been the world’s biggest expensive food and luxury goods market. However, due to relatively higher luxury import tariff in China, most consumers have chosen to purchase expensive food and luxury goods abroad which leads to a large of domestic consumption cash outflow. Therefore, whether to cut the luxury import tariff in China has been an urgent topic in the field. This study reviews the existing research on luxury consumption as well as relative background home and abroad, especially focusing on the situation on Chinese consumers. Then it briefly introduces the current status of Chinese luxury consumption as well as luxury market, illustrating that expensive food and luxury goods consumption import tariff cut has a great contribution to the Chinese economy. Based on the conclusions, the proposing measures will be put forward when cutting luxury import tariff.
Keywords:
Chinese economy, expensive food and luxury goods, import tariff,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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