Summary | The duty on cosmetics will be reduced to 2 percent
from 5 percent.L'Oreal China CEO Alexis Perakis-Valat said the
pany wel ed the tax reduction.SPENDING AT HOME Chinese
consumers last year spent 165 billion U.S. dollars
overseas.Premium goods can be up to 50 percent more expensive
in China than abroad."In the past, the Chinese bought luxury ...
from 5 percent.L'Oreal China CEO Alexis Perakis-Valat said the
pany wel ed the tax reduction.SPENDING AT HOME Chinese
consumers last year spent 165 billion U.S. dollars
overseas.Premium goods can be up to 50 percent more expensive
in China than abroad."In the past, the Chinese bought luxury ...
en.ce.cn | 28 May 2015