Shanghai Customs Reports
Foreign Trade Growth
The Shanghai Customs Bureau handled 32.9 billion US dollars-worth of
imports and exports in the first half of this year, accounting for one fifth of China's
total.
The amount was 21 percent more than that of the same period last year.
Local analysts attributed the growth mainly to the improvement of the internal management
of the customs operations and a successful crackdown on smuggling.
This year, the bureau has taken a series of measures, including simplifying formalities
and introducing advanced inspection equipment and technology, to increase efficiency.
Meanwhile, an electronic information center linked to concerned departments, such as
commodity inspection, foreign exchange administration and taxation, has been established.
The bureau has also stepped up its efforts to crack down on smuggling, and confiscated
large amounts of smuggled goods, such as oil and cigarettes, thus creating a better
business environment for foreign traders. |