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

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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
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