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China to upgrade comprehensive bonded areas

Updated: Jan 2,2019 8:37 PM     Xinhua

BEIJING — China will take a string of supportive measures to improve business environment and facilitate trade and investment in the comprehensive bonded areas, according to a State Council executive meeting on Jan 2.

The steps follow the practices of international leaders in this field, including easing procedures for domestic sales and customs clearance, according to a statement released after the meeting, which was chaired by Premier Li Keqiang.

The upgrading of comprehensive bonded zones is expected to steady the country’s export and foreign investment and nurture domestic demand, the statement said.