综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Rise in Japan sales tax may hit China exporters

By Li Jiabao (China Daily) Updated: 2014-04-02 09:25

Rise in Japan sales tax may hit China exporters

A shopper examines appliances at a discount shop in Tokyo on Monday. Japanese retailers lured customers with promises of steep discounts ahead of a sales tax hike Tuesday that economists expect to slow but not derail the recovery of the world's third-largest economy. [Photo / China Daily] 

Higher levy seen cutting demand amid slowing economic conditions

Japan raised its sales tax on Tuesday, a move likely to depress Chinese export prices to Japan while bilateral trade remains full of uncertainties amid political tensions, experts said.

"It will have a great impact on the Japanese economy. An economic recession with sluggish demand in Japan will drive down demand for Chinese products," Zhang Jifeng, assistant to the director of the Institute of Japanese Studies at the Chinese Academy of Social Sciences, told China Daily.

"Japanese businessmen will probably take the opportunity to cut prices when bargaining with Chinese exporters. Chinese export businesses have to enhance quality to enlarge profit margins."

An increase in Japan's sales tax will not be a direct "heavy blow" to Chinese investment in Japan or bilateral trade, Zhang said.

Japan's sales tax rose to 8 percent from 5 percent, the first increase in 17 years and a key part of Prime Minister Shinzo Abe's economic reforms, dubbed "Abenomics". The rate will go to 10 percent starting Oct 1, 2015.

The move is set to hurt private consumption and the Japanese economy is likely to slow significantly in 2014, said a blue book released by the institute on Monday.

"The outlook for the Japanese economy is not optimistic as the tax rise will not boost consumption and economic growth. Japan's GDP may grow 0.8 percent this year, compared with 1.5 percent last year," Zhang said. "Abenomics is doomed as all the major economic goals are now unachievable."

Political tensions between the two countries have tightened with Abe's visit in December to the Yasukuni Shrine, which honors Japanese war dead, including 14 Class-A war criminals and a dispute over Japan's nationalization of the Diaoyu Islands that China considers illegal.

Rise in Japan sales tax may hit China exporters

More tax reforms on agenda: Minister 

Rise in Japan sales tax may hit China exporters

Top 10 figures in 2014 govt work report 

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
...
璧山县| 淮北市| 盐津县| 新竹县| 于田县| 廉江市| 黄冈市| 施秉县| 齐河县| 青州市| 南雄市| 延吉市| 沛县| 陇川县| 阿坝县| 左云县| 保靖县| 乐都县| 前郭尔| 定日县| 宁乡县| 蓬莱市| 长汀县| 中牟县| 苏州市| 延安市| 新安县| 通辽市| 普定县| 偏关县| 泌阳县| 洛南县| 武山县| 永靖县| 天津市| 普兰县| 仙居县| 无为县| 海林市| 阿拉尔市| 婺源县|