China decreases import tax on F.M.C.G. products

Multinationals such as Nestlé and Danone have good prospects in China in 2018, as import tariffs on 187 categories of consumer goods fell from an average 17.3% to 7.7%. In December 2017, import tax fell from 30% to 10% on electric toothbrushes and from 10% to 5% on whisky. The tax for some types of baby milk powder (Chinese parents prefer foreign brands after local heath scandals) were cut to zero. This aims to boost consumption in China and sends a strong message of “we are open fo