"One possibility is more foreign products will be bought onshore via the regular import channels, with pricing made more competitive as import duties are reduced gradually. Nomura has stated that measures from the Chinese Government to restrict Chinese citizen's overseas shopping could have the opposite effect and increase the number of imports via normal channels. For three consecutive years, Chinese tourists have been the biggest spending group in the world, spending $229bn on overseas travel in 2015; $135bn of which Nomura estimates was spent on foreign merchandise, and the local population also ordered $40bn worth of foreign products online. The Japanese government is currently considering a proposal by Prime Minister Shinzo Abe for an anti-dumping tax aimed at stopping companies like Apple or Samsung from selling their goods below cost in China.
Nomura has stated that measures from the Chinese Government to restrict Chinese citizen's overseas shopping could have the opposite effect and increase the number of imports via normal channels. For three consecutive years, Chinese tourists have been the biggest spending group in the world, spending $229bn on overseas travel in 2015; $135bn of which Nomura estimates was spent on foreign merchandise, and the local population also ordered $40bn worth of foreign products online. The Japanese government is currently considering a proposal by Prime Minister Shinzo Abe for an anti-dumping tax aimed at stopping companies like Apple or Samsung from selling their goods below cost in China.