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BEIJING, April 9 (Xinhua) -- China's tighter restrictions1 on overseas purchases may narrow the price differential of luxury goods between China and the rest of the world, encouraging consumers to spend more domestically and benefit local retailers3, says Fitch Ratings in a latest report.
Starting on Friday, overseas retail2 goods bought online would no longer be treated as personal postal4 articles, which enjoy tax rate lower than that on other imported goods. Instead, those overseas purchases will be charged in the same way as any other imported goods, according to the new rules.
New tax rules on overseas buying to benefit Chinese retailers: Fitch
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1
restrictions
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| 约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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retail
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| v./n.零售;adv.以零售价格 | |
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retailers
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| 零售商,零售店( retailer的名词复数 ) | |
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postal
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| adj.邮政的,邮局的 | |
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noted
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| adj.著名的,知名的 | |
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ministry
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| n.(政府的)部;牧师 | |
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