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China Customs makes new moves to stabilize trade
By Wang Yanlin |
September 28, 2012, Friday
|
Online Edition
Online Edition
CHINA today announced a batch of new measures to stabilize trade through cutting administrative fees, promoting paperless categorized clearance, and providing better services.
It came just two weeks after the central government rolled out measures to help Chinese exporters as global trade continued to deteriorate.
The new measures include axing fees for customs' inspection and printing declaration forms as of October 1, popularizing paperless, categorized clearance, and improving the service of hotline 12360.
Yu Guangzhou, chief of the General Administrative of Customs, said the new measures are more extensive and effective. The Customs conducted a broad survey on traders to better understand their needs before introducing these measures.
However, some analysts say the measures fail to address the core problems – weak external demand and tight credit – which trouble Chinese exporters.
Earlier this month, China said it would speed up payment of export tax rebates, provide more loans to exporters, and extend export credit insurance coverage to smaller firms.
The announcement came after a string of disappointing economic data for August when exports rose a paltry 2.7 percent from a year earlier and imports fell 2.6 percent.
In the first eight month, China's foreign trade grew 6.2 percent, below the 10-percent target set for the whole year.
It came just two weeks after the central government rolled out measures to help Chinese exporters as global trade continued to deteriorate.
The new measures include axing fees for customs' inspection and printing declaration forms as of October 1, popularizing paperless, categorized clearance, and improving the service of hotline 12360.
Yu Guangzhou, chief of the General Administrative of Customs, said the new measures are more extensive and effective. The Customs conducted a broad survey on traders to better understand their needs before introducing these measures.
However, some analysts say the measures fail to address the core problems – weak external demand and tight credit – which trouble Chinese exporters.
Earlier this month, China said it would speed up payment of export tax rebates, provide more loans to exporters, and extend export credit insurance coverage to smaller firms.
The announcement came after a string of disappointing economic data for August when exports rose a paltry 2.7 percent from a year earlier and imports fell 2.6 percent.
In the first eight month, China's foreign trade grew 6.2 percent, below the 10-percent target set for the whole year.
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