SME Times is powered by   
Search News
Just in:   • Escalation in Mideast may cause losses exceeding 2025 regional cumulative GDP: UN report  • GST collections rise 8.8 pc to Rs 2 lakh crore in March, clock 8.3 pc growth in FY26  • Auto sales boom in March, carmakers hit record highs  • Stock markets surge over 2 pc in early trade amid Iran war de-escalation hopes  • Quality control begins with careful vendor selection: Chaitik Shah 
Last updated: 02 Jan, 2018  

china.9.THMB.jpg China cuts import taxes on donkey skins

China.9.jpg
   Top Stories
» Stock markets surge over 2 pc in early trade amid Iran war de-escalation hopes
» RBI postpones capital market exposure framework to July 1
» Industry hails Centre’s push on design, quality as ECMS gains pace
» Rs 11,200 crore Noida International Airport gives major connectivity boost, drives economic growth
» Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty
IANS | 02 Jan, 2018
China's reduction of the tax on the import of donkey skins, a product whose demand has led to a fall in the population of the animal, came into force on Monday.

According to an announcement made last week by the State Council, the tax was to be cut from 5 per cent to 2 per cent, Efe news reported.

China is a large market for donkeys, as their skins are used to create a gelatin known as "ejiao", which is extracted by soaking the skins in water and boiling them.

The gelatin can be used for a variety of purposes, including treating anaemia and as an aphrodisiac.

Donkey meat is also in demand in many regions of the country.

As a result, the donkey population in the country has dropped from 11 million in 1990 to 3 million in 2017, according to official Chinese statistics.

Due to local scarcity, traders have been increasingly looking for other suppliers, especially in Africa and Latin America.

In Africa, donkeys are often stolen by traders, and even if the animals are legally bought, they are skinned and the meat is left to rot due to a lack of means to preserve it and transport it to China.

African countries like Niger and Burkina Faso banned the export of donkey skins to China in 2016, while other governments have applied or are considering applying restrictions of several types, given the importance of these animals in agriculture and transporting goods.

The undamaged whole skin of a donkey fetches some 3,000 ($460) yuan currently.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter