{"id":302,"date":"2020-03-13T06:09:37","date_gmt":"2020-03-13T06:09:37","guid":{"rendered":"http:\/\/newsbites.hktdc.com\/?p=302"},"modified":"2023-03-23T11:46:59","modified_gmt":"2023-03-23T03:46:59","slug":"china-unveils-new-customs-measures-to-soften-coronavirus-impact-on-trade","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/china-unveils-new-customs-measures-to-soften-coronavirus-impact-on-trade\/","title":{"rendered":"China&#8217;s New Customs Measures To Soften Coronavirus Impact On Trade"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"302\" class=\"elementor elementor-302\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23573bc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23573bc5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ddab081\" data-id=\"7ddab081\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18c6aceb elementor-widget elementor-widget-text-editor\" data-id=\"18c6aceb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p><span style=\"color: #000000;\">After a month-long economic pause to contain transmission of COVID-19, many of China\u2019s industries and businesses are <a style=\"color: #000000;\" href=\"https:\/\/www.marketwatch.com\/story\/china-factories-struggle-to-get-back-online-amid-virus-outbreak-2020-02-25\">struggling to resume former productivity levels<\/a> \u2013 with many workers opting to work from home or unable to use public transportation.<\/span><\/p>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<p><span style=\"color: #000000;\">In an effort to assist foreign trade firms, China\u2019s General Administration of Customs has issued a handful of new measures to soften the economic impact of the coronavirus, including:<\/span><\/p>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<ul class=\"wp-block-list\">\n<li><span style=\"color: #000000;\">Simplification of business registration and filing procedures \u2013 only changes in business name will require an online application submission, whereas notification of other changes may be postponed until the end of the epidemic;<\/span><\/li>\n<li><span style=\"color: #000000;\">Expediting the inspection process of necessary imported production equipment and raw materials;<\/span><\/li>\n<li><span style=\"color: #000000;\">Optimisation of pre-export supervision and improving the convenience of acquiring permits and necessary certificates;<\/span><\/li>\n<li><span style=\"color: #000000;\">Extended deadlines for certain trade documentation procedures<\/span><\/li>\n<li><span style=\"color: #000000;\">Promotion of international coordination and cooperation in response of restrictive foreign trade measures<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><\/span><\/p>\n<p><span style=\"color: #000000;\">For more details about China\u2019s new customs measures,<\/span> <a href=\"https:\/\/hkmb.hktdc.com\/en\/1X0AJYSE\/hktdc-research\/Customs-to-Support-Foreign-Trade-Firms-in-Resuming-Work\">click here<\/a>.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>After a month-long economic pause to contain transmission of COVID-19, many of China\u2019s industries and businesses are struggling to resume former productivity levels \u2013 with &hellip; <\/p>\n","protected":false},"author":2,"featured_media":4792,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,368],"tags":[200,21],"class_list":["post-302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-regulatory-alerts","tag-china-trade","tag-covid-19"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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