CHINA-SOLD CASHMERE LUXURY GOODS COULD SEE PRICES FALL TO INTERNATIONAL LEVELS
November 1st, 2011
BY ANDREW MCEWEN
A POTENTIAL liberalisation of Chinese luxury good import tariffs could lower the price of high-end cashmere goods in China, bringing them closer to Hong Kong and Europe prices, an international conference has been told.
The move has been spurred by a boom in personal imports by travelling wealthy Chinese. "If in fact this tariff [reduction] takes effect, it will spur local prices to gradually fall closer to Hong Kong levels...Chinese love to travel and logically look for lower prices in any city," said Piergiorgio Dal Santo, president ...
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