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Tax policy won't derail online retail sector

By Xin Zhiming | China Daily | Updated: 2016-04-13 08:32

China's new taxation policy targeted at imported goods sold on e-commerce platforms has drawn a lot of complaints from dealers as well as consumers, but it will not prevent the industry from expanding at a fast pace.

Last month, the government announced higher taxes would soon be imposed on most products imported by domestic e-commerce companies. On April 7, the Ministry of Finance unveiled a list of more than 1,100 imported items targeted by the new tax policy. Not surprisingly, many believe the move will deal a heavy blow to domestic e-commerce players since consumers will be forced to pay more for shopping online.

The new tax policy will, no doubt, make imported products more expensive on e-commerce platforms, including baby formula, home appliances and clothes and shoes. But given China's fast expanding middle class and high-income groups, the ripple effects of the policy will soon fade as online shopping, especially those for imported products, continues to increase in China.

Tax policy won't derail online retail sector

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