There Are Huge Differences Between Luxury Goods And Domestic And Foreign Products.

You often wonder if you have heard of such a thing through the window: gather up a few friends who have the same shopping hobby, fly to Paris with high spirits, live in a small hotel, eat instant noodles, settle in, rush into all kinds of luxury brand shops, "frantically sweep the goods".

They can bend their stomachs, or temporarily stay in a small hotel, so as to consume "good quality and inexpensive" abroad.

In China, the amount of domestic consumption luxuries is obviously lower than that purchased from abroad.

The World Luxury Association released in June 9th this year the World Luxury Association 2011 official report blue book, China

Huge spreads push foreign shopping

Looking at the huge price gap between luxury goods at home and abroad, it is easy to understand that a large number of Chinese people are buying luxury goods abroad.

In the US, a pair of Levis jeans sells for 20 dollars at discount stores, while the same pair of trousers is sold at least 700 yuan in domestic stores.

It may not be a luxury, but unlike Rolex, LV, GUCCI and other names, and so on, the difference is not a few hundred dollars.

In the international market, the price of an ordinary Rolex watch ranges from 1000 US dollars to US $15000, which is usually less than half or even 1/3 of the domestic price in the European and American markets.

That is to say, buying a Rolex watch on the same market in the international market requires at least 18000 to 270000 yuan.

In addition, some luxury goods also have the value of investment and collection.

An overseas shopping man told reporters that the price of imported luxury goods in Japan is 50% higher than that in the country of origin, and some even higher than 60%.

For example, a $5000 LV in Paris.

According to the statistics of the Ministry of Commerce, 20 brands of high-end consumer goods, such as watches, bags, clothing, wine and electronic products, are about 45% more expensive than Hongkong, 51% higher than the United States, and 72% higher than France's.

Shopping websites have always been enthusiastic about luxury goods, concentrating on watches, leather goods and bags, clothing, clothing, shoes, jewelry and other types of business.

The original price is 7990 yuan LV classic old M40145 women's bag, online only 1598 yuan.

Buying cheap and favorite leather bags is a very coveted thing for fashion lovers.

But the good and bad are mixed, fake goods are constantly appearing, so that many consumers who spend a lot of money complain, even a few consumers are being cheated.

As a result, the pain of going abroad to buy is fast, and it also encourages people's enthusiasm for foreign consumption.

Many overseas buyers say that saving money is equal to free travel and earning money.

RMB appreciation encourages consumption desire

The Mid Autumn Festival has come, and national day is near. Naturally, many people plan to take part in this holiday to buy abroad.

In recent years, the currencies of many countries have appreciated substantially against the US dollar, and the renminbi is no exception.

Once the financial crisis, let the Chinese people "arrogant" once.

When Americans are worried about their jobs, it is time for Chinese people to spend their luxuries.

The appreciation of the renminbi has obviously encouraged people's enthusiasm for consumption. It seems that Hong Kong and Macao shopping can not satisfy the Chinese people who are bulging.

According to the China foreign exchange trading center, in August 30th, the RMB exchange rate between the RMB and the US dollar was 6.384 in the inter-bank foreign exchange market. Compared with 8.2765 before the July 2005 exchange rate reform, the appreciation rate of RMB against the US dollar has reached 29.63%.

If the dollar continues to soften, there is still room for the renminbi to continue to appreciate.

Under such circumstances, for Chinese people, not spending much abroad is like missing a big bargain.

In August, the appreciation of the renminbi has reached 0.87% this year, far ahead of the 0.23% and 0.42% rise in February.

Reporters in the interview and understanding found that the recent exchange of money to the Bank of a few people, the trend of RMB appreciation in the short term is likely to reverse the possibility.

In this way, people are still keen on consuming luxury goods abroad.

Before the appreciation of RMB, a Prada skirt in China needs 80 thousand yuan RMB, and the appreciation of the renminbi has so far that the same skirt needs about 64 thousand yuan or so. How can it be unattractive to Chinese people?

There are many disputes about taxes and fees.

Too high taxes and fees are also a problem that luxury goods can not evade.

It is an indisputable fact that up to 20% of the iPad import tax rate has deterred many people from deterring them.

Undoubtedly, the high taxes and fees in China are a very important factor affecting import commodities.

In China's customs tariff, taxis are classified according to their grades. For example, the tax rate for imported cars is based on the engine exhaust volume, the vehicle tax rate of up to 4 liters is higher than 40%, and the rate of 3 to 4 liters is 25%.

In addition, the high circulation cost in the domestic market has also raised the price of commodities.

Since the end of 2001, China has lowered tariffs many times, but the cost of value-added tax, consumption tax and business tax in domestic circulation is still high.

The director of the Ministry of Commerce has suggested: "we should consider lowering the relevant tax rates of cosmetics, high-end watches and other commodities appropriately, promoting the import of high-grade commodities with domestic demand, pforming part of overseas consumption into domestic purchases, and expanding the sales revenue of the domestic market."

Today, tax cuts have been done, but the trend of increasing demand for Chinese consumers will not be ignored.

In addition, the new consumption concept is affecting the direction of consumption in China.

According to the World Luxury Association 2010-2011 annual official report released by the World Luxury Association, consumers in the next 3 to 5 years will become the main force in China's luxury purchases, and the younger generation of luxury consumers in China has become a major trend.