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good news! china will lower or remove import duties on a number of items starting in 2020 as part of a tariff adjustment package announced monday, as the country further promotes high-quality trade growth. 

china will adjust import tariffs for a range of products starting jan. 1, 2020 to promote high-quality development of trade. 

 

to expand imports, 850 items of commodities will be subjected to temporary import duty rates below most-favored-nation (mfn) tariffs. 

 

that compared with 706 products that were taxed at temporary rates in 2019. 

 

 

which products involved? 

 

the country will introduce or reduce the provisional import tax rates on products amid efforts to moderately increase the import of daily consumer goods that are relatively scarce in the country or have foreign characteristics to better meet people’s needs, such as: 

• frozen pork 

• frozen avocados 

• non-frozen orange juice

 

 

china will impose zero import tax on the following products to reduce medication costs and promote the production of new medicines: 

 

• pharmaceutical products containing alkaloids for asthma treatment 

• raw materials for the production of new diabetes medicines

 

 

the country will introduce or cut provisional import tax rates for some commodities to expand the imports of advanced technologies, equipment and spare parts, and support the development of high-tech industries, including: 

 

• ferroniobium 

• multi-component integrated circuit memories 

 

 

china will also introduce or lower the provisional import tax rates for some wood and paper products. 

 

 

 

what’s more? 

 

in 2020, china will continue to apply conventional tariff rates on some products originated from 23 countries and regions under the relevant free trade agreements or preferential trade arrangements. 

 

 

further tariff reduction will be made according to the asia-pacific trade agreement and the free-trade agreements china has separately signed with: 

 

• new zealand

• peru

• costa rica

• switzerland

• iceland

• singapore

• australia

• the republic of korea

• georgia 

• chile

• pakistan

china will also implement the fifth mfn tariff concession on 176 information technology products. 

 

besides, the provisional import tariff rates of some information technology products will be accordingly adjusted. 

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source | china gov / reuters / xinhua

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at the beginning of the new year, many platforms launch users’ annual report of 2019. china’s leading online payment app alipay also released a brief annual bill for users on monday. how much have you spent last year? 

when did i become so rich? 

 

after the launch of the annual bill, many netizens just doubted themselves, wondering this question. 

 

“checking your alipay bill” quickly surged as a hot topic on various social media platforms.  

 

 

users can log on to alipay and check their summary of transactions over the year through their personal account in the app or search the keyword in the app’s homepage. 

 

however, the total amount of annual spending is beyond many people’s imagination. lots of people seemed shocked to see the bills. 

 

most of the common reactions to the bills and data are: 

 

△ “how is it possible i’ve spent so much?” 

△ “when did i become so rich? seriously?” 

 

△ “did i earn so much last year?” 

 

 

how to check it? 

 

so how much have you spent last year? are you the rich man you never know? let’s check 

• search “2019年账单” (2019 annual bills) in the alipay app, and click the link to open an official mini-program. 

 

 

• then click the book “2019支付宝年账单” (my memories of 2019) shown on the starting page, and enter your payment password to check the annual review.
  

 

• the first page of the review shows the total number of days you’ve used alipay.
  

• the next page shows what you spent most over the year. 

• food delivery is very convenient these days. this page tells you how many times you’ve ordered food via alipay. 

• then you can see the total number of the times you paid to stores offline. 

 

• this page shows the times you’ve used alipay to pay for public transit.
  

• here are some pages showing the effect of your low-carbon lifestyle and social life in alipay. 

• finally, you’ll see the total amount of your annual expense. there’re also details like how much you’ve spent in food, clothing, living, entertainment, transportation, and so on. 

where you spend your money shows your inner character. 

 

no wonder people often say we should start from changing our spending habits in order to change ourselves. or maybe you’ve already felt quite satisfied with how you spent the money. 

 

 

 

spending too much? 

 

but back to the topic, people are not just joking about the bill. many users questioned the accuracy of the number.

 

“i don’t think it is accurate at all. i spent 110,000 yuan last year? i don’t have that much in my bank and i’m not in debt,” a user said on the internet. 

 

“i think the numbers are fake. i’m a poor college student. it shows i spent rmb 40,000 last year, i don’t believe it. my annual household income is not even that much,” another weibo user responded. 

 

 

what the bill means? 

 

some weibo users speculated that alipay’s annual reports take into account transfers between the user’s bank accounts and purchases of products that have been returned. 

 

△ tap the pic to read our article about

 

others pointed out the common practice of one person in a group paying with alipay first, then settle the bill with the rest of the group on wechat. 

 

△ tap the pic to read our article about 

 

ant financial responded in a chinese media report that this year’s annual statement includes total expenditures. 

 

several new categories had been added to the total including investments and wealth management, finance and insurance, red packets sent between users, charity donations, transfers to other accounts, and pre-paid account top-up. 

 

 

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source | chinadaily / technode

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we’ve received many enquiries since the launch of this new platform. let’s check the new vol. of enquiry information. if you seek for wholesalers and want to post your enquiry, please contact us. 

do you have the same demands as them, looking for suppliers, and wanting a convenient platform to post your enquiries? 

 

now we provide free sourcing service and regularly update different enquiries in hacos official account. 

please scan the following qr code to add our wechat! 

 

01

• product

plastic mesh bag for fruit

• specification

13-17cm in width

• quantity

enough for two 40gpcontainers of apples

• destination

paraguay

• contact

[email protected]

---

 

 

it’s a totally free platform for sourcing, we will repost your enquiry to high-quality wechat groups. 

 

if you want to post your enquiry here, please contact lucy (wechat: hacos005) ↓↓↓

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all info is provided by buyers. please make your own discretion with the info. 

 

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