Winemakers Call on China's Top Legislature to Lower Taxes :

Winemakers Call on China's Top Legislature to Lower Taxes


Winemakers Call on China’s Top Legislative Body to Lower Taxes
Luan Li
Winemakers Call on China’s Top Legislative Body to Lower Taxes
(Yicai Global) March 8 -- China’s wine producers have taken a battering in the past year as the Covid-19 pandemic hampers sales and imported wines continue to encroach on their market share. To support the industry, deputies to the National People’s Congress, currently in session at the Two Sessions in Beijing, have asked that taxes be reduced.
Chinese wine producers are under great pressure as they face steep taxes, much higher production costs than other wine producing countries and stiff competition from imported wines as import duties shrink, said Jiang Ming, deputy to the NPC and chairman of Tianming Group.

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