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China Boosts New Land-Sea Trade Corridor with 15 Policy Measures
China unveils 15 policy measures to boost the New International Land-Sea Trade Corridor, aiming to cut costs and stimulate growth in western regions.
English
China
ChinaTradeEconomic GrowthPolicyLogistics
General Administration Of Customs (Gac)Beijing Jiaotong UniversityChongqing D-Chamwin Motor Technology Co
Chen ZongwangZhang XiaodongYang Heping
- How will the new policies impact freight tax rates along the corridor?
- The policy expands freight tax reductions to China-Laos and China-Vietnam train services, ensuring consistent tax benefits for inland provinces.
- What are the main goals of the 15 policy measures unveiled by the GAC?
- The initiative aims to reduce transportation costs, promote inland business hubs, and facilitate the import of bulk commodities, mineral products, and agricultural goods.
- What are some notable achievements of the New International Land-Sea Trade Corridor?
- The corridor's success is evident in the 8.8 percent year-on-year increase in foreign trade value from January to October, reaching 1.15 trillion yuan.
- What is the significance of the initiative regarding industrial development in China?
- The measures will help transfer industries from east to west China, connecting open platforms, and advancing the development of bonded zones along the corridor.
- What is the New International Land-Sea Trade Corridor and where is its operational hub?
- The New International Land-Sea Trade Corridor, operational from Chongqing, connects global ports via various routes, boosting China's Belt and Road Initiative.