That’s kind of counter-intuitive isn’t it? Have the Chinese politicians and trade administrators been drinking the stuff and thinking let’s have more of this, cheaper, and pay even less in taxes to our own government?
According to a piece in Insider magazine:
‘The country’s Finance Ministry announced it would slash tariffs on 187 consumer goods including Scotch and cashmere clothing in a bid to boost economic growth.’
I’m confused. How do the Chinese expect importing more Scotch to enable their economy to grow? Might it not have the opposite effect? Anyhoo, this looks like further improving the only trade surplus in the UK. See:
Also, will it further improve the figures in this?
I gather our population is not growing much so we’ll have to increase the 28%. 30% next time, Office for National Statistics?
Footnote: They do seem determined to get the real stuff. See:
Chinese court jails fake Scotch whisky seller