Despite currently in China all business activities are affected by the coronavirus disease impact (which caused the release delay of December and the whole year’s statistics), we still provide to our readers the 11 months in 2019’s wine import statistic...
With the ongoing and intensified trade war between the United States and China, effective June 1, 2019, China will impose an additional 25% customs tariff on U.S. wines, which will make the total incidental costs soared to the highest, and makes the U.S...
In order to boost the tightening economy and sustain an economic growth targeted between 6% to 6.5% in 2019 (China achieved 6.8% GDP growth in 2018), with effect from April 1, 2019, China will further decrease the Value-added Tax (VAT) rate from 16% to...
