Latest Fashion Developments & Celebrity Type
The announcement of import tax reductions follows adjustments in June 2015, when the federal government reduce the tariffs on clothing, cosmetics and varied different items by half. Among the adjustments – simpler tax refunds for overseas buyers and accelerated openings of more duty-free outlets in cities lined by the 72-hour visa scheme. The 72-hour visa was launched in Beijing and Shanghai in January 2013 and has been extended to 18 Chinese cities. Consumption as a share of gross domestic product in China has fallen for six decades, from seventy six % in 1952 to 28 % in 2011. China plans to reduce tariffs on numerous consumer goods and broaden its 72-hour transit visa plan to more cities in an effort to stimulate home consumption. The trend trade has been the subject of numerous movies and tv shows, together with the reality show Project Runway and the drama series Ugly Betty. Specific fashion brands have been featured in movie, not solely as product placement opportunities, but