The Australian Brands Alliance – a group that represents various Australian companies – has announced plans to launch Ausmart stores in major cities in China this year. The store will act as a portal through which Australian local brands will be able to deliver to Chinese customers, allowing them to enjoy thousands of Australian products.
China may have emerged as the world's largest consumer market by 2016-end, but it's only recently that steps to revolutionize the retail-scape have accelerated, with merchants and brands hailing the dawn of so-called 'New Retail', according to consultancy eMarketer.
Despite some forecasts projecting a slowdown in ecommerce in China, a new report from Goldman Sachs sees the world’s largest online market continuing to boom over the next four years.
On April 7 2016, A total of 11 departments, including Ministry of Finance, General Administration of Customs, AQSIQ, CFDA etc., jointly issued a notice about The Positive List on Cross-Border E-Commerce of Imported Commodities at Retail (hereinafter referred to as the positive list), to support the implementation of tax policy on cross-border e-commerce of imported commodities at retail (B2C) on April 8 2016.