New boosts on transformation of bonded zones

In light of the economic downturn brought by the COVID-19 pandemic, China has emphasised its development of comprehensive bonded zones (CBZs) to stabilise foreign trade and enhance its global influence and competitiveness. CBZs will boost in-zone businesses by providing preferential tax treatments, simplified customs and administrative procedures and other government support.

Read the newsletter from WTS China, a member firm of WTS Global, to get a detailed update on China’s CBZ development.

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