China new law is to change their tax mix on importation of converting some parts of Tariff into 11.9% GST, while imposing a limit to annual purchase per person before charging full tariffs. However, this is not what dented consumer confidence (at least not to this extent).
The real risk that put people off is that they produce a "positive list" for products that can trade directly in Free-trade zone bypassing the customs. Anything not on the list will be subject to custom scrunity, hence there is an obvious risk of foreign products not able to enter China at whatever price, unless approval obtained from China FDA, which will take longer than 4 years.
1. Grey Channel
Well, there is no statistic to show how much the domestic purchase is actually consumed domestically or otherwise channeled to China via grey channel.
2. E-commerce
Go to any NZ e-commerce website, you will find Nutralife products in the top of their shipping lists to China.
3. Tourist
Also, don't forget the tourists who buy and bring back.
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