中国将调整跨境电商零售进口政策
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 Ministry 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 quota 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 venues for comprehensive cross-border e-commerce pilot zones in an effort to boost cross-border e-commerce. The new policy will be applied to these cities.
The move also echoed China's tariff reduction and customs clearance efforts. On November 1, the country cut tariffs on 1,585 items of imported goods. This September, China's custom administration also announced new measures to expedite cargo clearance and cut administrative charges to facilitate foreign trade.