China Introduces Policies for Improved Trade, Tax Measures

China’s Department of Foreign Trade recently introduced policies to “increase support and guidance” for border trade and the tax environment, the Hong Kong Trade Development Council said in a Jan. 8 report. The policies include “improving the functions of border trade zones,” a value-added tax exemption and a simplification of the declaration process “for small-scale border trade exports on a trial basis,” the report said. The policies will also support the development of “new models of e-commerce suited to border trade,” HKTDC said.