国内英语资讯:China to set up new integrated pilot zones for cross-border e-commerce to stabilize foreign_时事

国内英语资讯:China to set up new integrated pilot zones for cross-border e-commerce to stabilize foreign

Integrated pilot zones with proper conditions will be listed into the pilot program on retail imports of cross-border e-commerce. Companies will be supported to jointly build and share overseas warehouses.

"We must accelerate the development of cross-border e-commerce and other new models to boost foreign trade and investment. Competent departments must exercise sound quality supervision and ensure unimpeded logistic services," Li said.

Measures to boost processing trade are also discussed at the meeting. With processing trade accounting for one fourth of the country's foreign trade, the meeting stressed the need to coordinate domestic and foreign trade and help companies engaged in processing trade tackle their difficulties, as well as to stabilize foreign investment and employment.

"In a globalized world, countries all have a stake in each other's future. The Chinese economy has been deeply integrated into the world economy. We must promptly analyze the outbreak's impact on the industrial chains and work out our policy response accordingly. This is vitally important for stabilizing employment," Li said.

It was decided at the meeting that interests of the deferred tax for the bonded materials or finished products in processing trade sold domestically will be temporarily waived till the end of this year. The pilot program where processing trade companies may pay duty for their domestic sales as either imported materials or finished goods will be extended to all the integrated bonded zones.