New measures to encourage growth of foreign trade

Li: China to cut customs clearance times, improve tax rebate policy

China will roll out new measures including cutting customs clearance times, streamlining port services and improving the export tax rebate policy to increase opening-up and facilitate foreign trade, it was announced after a State Council executive meeting chaired by Premier Li Keqiang on Tuesday.

"The growth of foreign trade directly bears on boosting economic growth and upgrading domestic consumption. It is important to further improve current policies regarding export tax rebates and financial services," Li said.