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2013 (Vol. 5, Issue: 10)
Article Information:

Research on the Impacts of Expensive Food and Luxury Goods Import Tariff Adjustment on Chinese Economy and Related Measures

Qishen Zhou and Mingxing Yang
Corresponding Author:  Qishen Zhou 

Key words:  Chinese economy, expensive food and luxury goods, import tariff, , , ,
Vol. 5 , (10): 1301-1308
Submitted Accepted Published
May 10, 2013 June 14, 2013 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.
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  Cite this Reference:
Qishen Zhou and Mingxing Yang, 2013. Research on the Impacts of Expensive Food and Luxury Goods Import Tariff Adjustment on Chinese Economy and Related Measures.  Advance Journal of Food Science and Technology, 5(10): 1301-1308.
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ISSN (Online):  2042-4876
ISSN (Print):   2042-4868
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