Monday, June 11, 2012

Bank credit card rates decline while food and beverage industry grow up to 50%


"The state will soon be introduced to the details of measures to reduce credit card rates." Yesterday, the former Chinese Vice Minister of Commerce Zhang Zhigang, president of the China General Chamber of Commerce in Guangdong Province Merchants Association organized the "Commercial General Assembly auditorium to disclose credit card payment service the measures have been approved by the State Council, will be implemented soon.

Catering credit card rates or drop 50 percent

Credit card rates for retail businesses and food and beverage industry, hotel industry, many companies have been shouting to the high cost. Yangcheng Evening News reporter learned that the different rates for different industries such as retail credit card fee rate of about 1% -0.8%, supermarkets, compared with 0.5 percent. Catering credit card rates are relatively high, 2%, "It's quite with a lot of jewelry and other luxury goods industry rates, but now a lot of food and beverage industry, the net profit of 7% -10% turnover tax 5 must pay the fee of 2% of turnover, which is tantamount to an investor raised in white. "relevant person in charge of the food and beverage industry trade associations in Guangzhou, told reporters. As a result, many shops or food and beverage companies do not provide credit card services, and a great deal of inconvenience to the consumer.

"Recently, the state will convene the National Circulation Work Conference of the meeting, the state has been and will continue to introduce a series of policies and measures to support the modernization of the circulation." Zhang Zhigang said that the country will carry out structural tax reduction, led by the NDRC, the central bank Banking Regulatory Commission, the Commerce Department to participate in the down card fee program has been approved by the State Council, will be introduced recently. The magnitude of the specific down?
Zhang Zhigang, revealed that different industries are not the same. Sources, the catering industry credit card rates have dropped 50%.

To shorten the luxury inside and outside the spread

Recently, we are concerned about the high prices of domestic luxury phenomenon, Zhang Zhigang, the Yangcheng Evening News reporter, due to the relatively high domestic price ratio than abroad, so some people choose to buy goods through international travel, this phenomenon has attracted the attention of the parties concerned.

"I think it should be standardized management on the price gap has narrowed and high value-added luxury prices have come down to 
credit card processing gateway become a trend," Zhang Zhigang said that the specific measures taken will have to taken into account. "The Government must improve the necessary pre-survey work, luxury domestic and foreign price gap down, the luxury of high value-added production in China can speed, and also welcomes foreign high value-added manufacturer of luxury goods to the Chinese joint venture to produce co-production. "Zhang Zhigang, lower domestic prices of luxury goods also included the recent media attention Hainan duty-free goods duty-free limit raised to 10,000 yuan / inferior variety of means.

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