According to the news, China will reduce the import tariffs on daily consumer goods to a large extent. Further reducing the import tariffs on consumer goods is conducive to expanding opening up and meeting the needs of the masses, forcing product upgrading and industrial upgrading.
According to the "Notice on Reducing Import Tariffs for Consumer Goods" (Announcement of the Taxation Committee [2018] No. 4), it is pointed out that in order to further meet the needs of the people's better life, we will promote structural reforms on the supply side and actively expand the opening up, since July 2018. From the 1st, the MFN tariff rate for some imported consumer goods was reduced, involving 1449 tax items.
The import tariff adjustment includes 11 types of lighting electrical products, with an average decline of about 50%. The specific products and adjusted tax rates are shown in the table below.
In 2017, China's lighting and electrical industry sales were 580 billion yuan, and exports were 41.2 billion US dollars. Among them, light source products (8539) exported 3.35 billion US dollars, and lighting products (9405) exported 28.5 billion US dollars. The whole industry imported 2.67 billion US dollars, including electric light source products (8539) 640 million US dollars; lighting products (9405) 470 million US dollars; lighting electrical industry related products (8515, 8513), mainly including motor vehicle lighting devices, signals Equipment, etc., imported 1.5 billion US dollars. In addition, the raw material components and components of the semiconductor lighting industry, LED (85414010), the import value of 6.27 billion US dollars.
China is a big country in the manufacture and export of global lighting electrical products. In the past two years, the global lighting industry has undergone significant changes. Philips, Osram, GE and other international lighting giants have adjusted the composition of the lighting business, cutting the corresponding business segments and selling them to varying degrees, reducing the production capacity of general lighting products. In terms of general lighting products, it is more dependent on imports from countries with production advantages such as China. China has obvious advantages in the production and general trade of general consumer lighting products and foreign trade. The downward adjustment of import tariffs on consumer goods will not have a significant impact on the development of China's lighting industry.
However, it should also be noted that China has not yet become a strong manufacturing country for lighting electrical products. On the one hand, although China's lighting electrical appliance manufacturing enterprises have greatly improved their product technology and quality in recent years, they have not fully met the needs of the high-end market, such as stadiums, museums, airports and cities in major events. In terms of street lighting and control, imported lighting electrical products still have greater market competitiveness. On the other hand, with the development of LED lighting technology, the integration of light source and luminaire is an obvious development trend; with the improvement of residents' consumption level, functional lighting for intelligent products, meeting the physiological and visual needs of human body, and in scientific research, The product market for special applications such as medical and vehicle lighting devices will also increase, which is also the development direction that Chinese manufacturers need to focus on and deepen. In China's lighting electrical industry, there is still a certain gap between the product design and brand building and the international level. The competitiveness of the international market still needs to be improved.
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