China Looking at Efforts to Improve Bonded Zones, Customs

China is planning to roll out more trade-related measures to improve its comprehensive bonded zones and customs, its Economic and Commercial Counsellor's Office at the Chinese Embassy in South Africa said Dec. 27, according to an English version of the release. China said it is “studying bonded policies covering the full industrial chain” to form new “competitive” business advantages, and will focus on its comprehensive bonded zones and “optimize the regulation of the express delivery industry.” China also plans to improve the efficiency of customs clearance and “cut related fees” to “develop a more open economy.”