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BEIJING - The General
Administration of Customs (GAC) has rolled out 18 measures to buoy China's
sinking foreign trade, its spokesperson said Wednesday.
Customs procedures
have been streamlined, raising customs clearance efficiency by around 50
percent, Zhang Guangzhi told a news briefing.
Foreign trade fees
have been lowered or eliminated to reduce enterprises' financial burden, he
said.
The GAC has also
slashed six items subject to government approvals or review for trade-oriented
manufacturers.
The world's largest
goods trader, China's foreign trade is under heavy pressure this year due to an
economic slowdown and a faltering global recovery.
GAC data showed that
foreign trade dipped 8.1 percent year on year in the first ten months of 2015,
while the annual target is a 6-percent increase.
"It seems
impossible to reverse the trend within this year. What we can only do is to
narrow the decline," said Bai Ming, a senior trade researcher with the
Ministry of Commerce.
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