china's raising the limit on cross-border online purchases, as well as expanding its list of duty-free goods starting january 1, 2019, according to a statement by the 1 of finance on friday.
中国财政部周五发布一份声明,2019年1月1日起将提高享受税收优惠政策的商品限额上限,同时将扩大免税商品名单。
the annual
2 on cross-border e-commerce purchases for individual buyers will be raised from 20,000 to 26,000 yuan (about 3,768 u.s. dollars). the limit on a single transaction will also be raised from 2,000 to 5,000 yuan.
meanwhile, some 63 categories of products will be added to the duty-free list, covering consumer goods such as beers, electronics and healthcare products.
the announcement is part of the country's opening-up efforts to expand imports and upgrade domestic industries, aiming to meet the ever-growing needs of its people.
this july, china identified 22 cities as
3 for comprehensive cross-border e-commerce pilot zones in an effort to boost cross-border e-commerce. the new policy will be
4 to these cities.
the move also echoed china's
5 reduction and customs
6 efforts. on november 1, the country cut
7 on 1,585 items of imported goods. this september, china's custom administration also announced new measures to expedite
8 clearance and cut
9 charges to facilitate foreign trade.