China to simplify cargo clearance

Updated 2017-05-25 09:31:39 Xinhua

China has vowed efforts to streamline cargo clearance procedures to smooth foreign trade and improve the business environment.

The "single-window system," a trade facilitation policy that enables faster and easier cargo clearance, will be adopted in all ports nationwide by the end of the year, according to a statement released Wednesday after an executive meeting of the State Council, presided over by Premier Li Keqiang.

An information-sharing platform will also be created to reduce the documents required for traders and help realize paperless customs declaration, examination and tax payment.

To relieve corporate burdens, unreasonable port fees will be cut or eliminated and compliance costs of containers will be reduced.

Strengthened supervision and risk control in cargo clearance were also highlighted in the statement.

It was the latest move from the world's major trading nation to stimulate imports and exports amid a sluggish global economy. China's exports in yuan-denominated terms rose 14.3 percent year on year in April while imports increased 18.6 percent, still resilient following a strong start to 2017.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2017 03:11:09

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2017 03:11:09

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2017 03:11:09

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords