tutor2u | China cuts tariffs on imported consumer goods

In the News

China cuts tariffs on imported consumer goods

Geoff Riley

26th May 2015

High import tariffs and an appreciating Yuan against the US dollar have been factors causing many middle class Chinese consumers to source their favoured Western consumer brands through overseas agents in a bid to avoid higher prices in their own shops. The BBC reports that the Chinese government is lowering import tariffs on a range of goods in a bid to stimulate consumer spending in home-based retail stores.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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