Chinese shoppers

0 CommentsPrint E-mail China Daily, March 10, 2011
Adjust font size:

With a per capita gross domestic product (GDP) far below that of rich economies, it is really galling to know that Chinese consumers have to pay more at home than they would overseas for "Made-in-China" goods.

Chinese policymakers should no longer ignore the problem.

A thorough examination of the situation is badly needed if China is to boost domestic consumption into a key growth engine as soon as possible to sustain its long-term growth.

At a press conference on Monday, Commerce Minister Chen Deming pointed to the higher costs of domestic distribution and taxes as two of the reasons Chinese consumers are charged more in the domestic market, not only for high-end imports, but also re-imported "Made-in-China" products.

Efforts to improve domestic sales networks and strengthen regulations in retail markets to reduce the costs of distribution are certainly needed. And more cuts in import taxes are essential for China to balance its trade account.

Yet, these measures are still not enough to fundamentally improve domestic consumption and to realize the potential purchasing power of China's consumers.

China is expected to become the world's biggest consumer market over the next decade thanks to its large population and rising incomes.

But it is far too early to say that is a sure bet if Chinese policymakers just keep tinkering with an economic policy framework that was largely devised for export-led growth.

The current system has served remarkably well during most of the past three decades in supporting China's rise to be the world's largest exporter.

The country's growing clout as a global manufacturing power has, in turn, expedited its ascent to become the world's second largest economy by 2010.

Nevertheless, both the 2008 global financial crisis, which hit Chinese exporters hard, and the considerable share of the global market that China has already taken suggest that China, as a major economic power, can no longer rely on external demand for growth.

It is now time to set in motion a domestic consumption boom to facilitate the transformation of China's development model toward consumer-led growth.

The concern that Chinese consumers feel about the price differences for certain goods sold at home and overseas is only the tip of the iceberg. No less demanding tasks include a substantial increase in people's income as a share of GDP, narrowing the huge wealth gap between the rich and the poor and enhancing protection of consumer rights.

Efforts to reduce some consumption costs and taxes are welcome. But to do more than just scratch the surface, Chinese policymakers must change their mindset to put domestic consumers above export sectors.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产日韩欧美网站| 好男人在线神马影视www在线观看| 亚洲欧美18v中文字幕高清| 精品欧美一区二区在线观看| 国产国产人免费视频成69堂| 一个色中文字幕| 在线看片免费人成视频福利| 一区二区三区杨幂在线观看| 日本一道本高清免费| 亚欧在线精品免费观看一区| 欧美最猛性xxxxx69交| 亚洲黄色免费在线观看| 精品人妻人人做人人爽夜夜爽| 国产一级伦理片| 91香蕉视频成人| 国产精品久久久久久亚洲影视| 99久久人妻精品免费一区| 尤物在线观看精品国产福利片| 久久99精品一久久久久久| 日韩欧美一区二区三区视频| 亚洲三级中文字幕| 欧美日本国产VA高清CABAL| 人人爽人人爽人人片av| 精品人妻少妇嫩草AV无码专区| 国产99视频在线观看| 青春禁区视频在线观看8下载| 国产日韩综合一区二区性色AV| 你懂的视频在线| 国产精品美女久久久浪潮av| 97久久精品人妻人人搡人人玩| 女人脱裤子让男生桶的免费视频 | 久久精品亚洲一区二区三区浴池 | 恋老小说我和老市长| 中日韩亚洲人成无码网站| 日本欧美一区二区三区在线播放| 久久综合久久久久| 最近免费中文字幕大全高清10 | 国产亚洲欧美在在线人成| 800av在线播放| 国产精品国产精品国产专区不卡| 59pao成国产成视频永久免费|