The Impact Of China'S Import Tariff Reduction On Domestic Clothing Brands

"At present, children's clothing in the Chinese market is basically produced in China, and children's clothing imported from abroad is very few.

Therefore, the reduction of tariff rates on clothing imports has almost no effect on the market of domestic children's clothing.

Hongkong Lotte children's clothing Wang Yisheng told reporters in an interview in June 1st.

Since June 1, 2015, import tariff rates on consumer goods such as clothing, footwear, skin care products and diapers have been reduced, with an average decline of more than 50%.

Wang Yisheng said that he had previously placed orders in South Korea and other places, but many years ago the production line had already pferred to the Pearl River Delta. Despite the rapid rise in domestic labor costs in recent years, China's children's wear industry chain is perfect in the world, and the comprehensive cost still has a large advantage. The domestic children's clothing market is basically occupied by the pure domestic brands, and the proportion of imported children's clothing is very low.

Wang Qian, a senior analyst in textile and garment industry, told reporters in May 31st that whether it is made in China or in domestic adult clothing, it is expected that the import tariff rate will not be affected.

In recent years, the growth rate of China's import clothing is relatively fast. On the one hand, it is driven by luxury brand clothing. On the other hand, ZARA, H&M and other international fast fading brands are growing rapidly in the domestic market.

Therefore, this adjustment tax rate is good for importers of these two categories of clothing, but it will not affect the market of domestic brand clothing.

"ZARA, H&M and other international fast selling brands, in addition to some orders in China, also have many orders placed in Southeast Asia, which originally enjoyed the preferential tariff policy of the China ASEAN Free Trade Area. This import tax reduction has brought Limited benefits to these brands.

Luxury brands and domestic high-end brands are not on the same level.

Therefore, even if the price of imported luxury clothing brand has been lowered due to the reduction of import tax rate, the price will not be eroded by the domestic brand market.

At present, some domestic consumers are buying high-end brand clothing in Europe, Japan and other markets, and lowering import tax rate is conducive to this part of consumption reflux.

However, this is only a part of the adjustment.

Therefore, the consumption reflux is also limited.

Say.

Over the past one or two years, due to the frequent depreciation of the Japanese yen and the euro, many domestic consumers have gone to Japan and Europe to buy clothing and other products.

For example, a HUGO BOSS suit often costs seven thousand or eight thousand yuan to $10000 in China, while in Germany, similar HUGO BOSS suits are often priced at only 1/2 in the Chinese market. Even when the discount is offered, there is only 1/3 in the Chinese market.

In May 31st, reporters found in Guangzhou friendship and other high-end stores that many imported clothing brands have not been cut down because of the lower import tax rate.

According to the insiders, the import duty of fur clothing is also reduced from 23% to 10%, for example, the import duty of fur men's coat, cloak and similar products, and women's coat, cloak and similar products from 16% to 8%. The import tariff of gross men's suit suits and women's suit suits is reduced from 17.5% to 10%, which are mainly winter clothing. Therefore, the import tariff rate cut down on the pmission of terminal prices has not been able to get instant results in the market.