Tariff cuts alone not enough to encourage people to buy at home
China Daily | Updated: 2015-06-02 07:47
As of June 1, the import tariffs on 14 kinds of consumption goods, including clothing, shoes and skin care products were reduced by as much as 50 percent. Will that stop people buying these products overseas? Comments:
Price is not the only factor that decides where consumers buy products. The majority of people rush to purchase overseas products because they trust the quality more than domestic products. In order to bring consumption back within its borders, China needs to upgrade the industrial chain and promote innovation so that domestic enterprises make quality products, too.
xinhuanet.com, May 31
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