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Formal Trade Barriers Identify formal trade barriers (tariffs and other taxes, foreign exchange controls, ownership restrictions)...

Formal Trade Barriers

Identify formal trade barriers (tariffs and other taxes, foreign exchange controls, ownership restrictions) that might require a company to adapt its business strategy when dealing with china?

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Answer #1

Import duties-Average 9.8% for most favoured nations.

Anti-dumping and countervailing duties may be imposed on imported goods that are deemed to pose a threat to Chinese national industries.

VAT bracket- - 17%, 11% and 6%

Consumption tax for consumer goods such as tobacco,firecrackers,oil products etc.

Business tax on revenue generated from taxable services.

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