Mainland Chinese tourists look at goods at the Elements shopping centre in West Kowloon. Tourists bringing personal items back to China from Hong Kong will face lower taxes. Photo: Nora Tam

China cuts controversial tax on personal items bought overseas in move to boost consumption

  • The tax rate on products including computers, foodstuffs, gold and silverware, furniture and medicines will be lowered to 13 per cent from 15 per cent
  • Analysts doubt whether the minor tax break will have a material impact on China’s sluggish consumer confidence
Topic |   China economy

TOP PICKS

Mainland Chinese tourists look at goods at the Elements shopping centre in West Kowloon. Tourists bringing personal items back to China from Hong Kong will face lower taxes. Photo: Nora Tam
READ FULL ARTICLE
Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.