Ministry plans slew of tax, fiscal measures to boost border trade

China has decided to adopt a slew of measures, including tax and fiscal policies, to enhance the innovation and development of border trade, according to the Ministry of Commerce.

Implementation of the measures aims to give full play to the role of border trade in stabilizing foreign trade and to ensure that border trade achieves actual results like facilitating employment, improving local people's livelihood, poverty alleviation, enhancing bilateral relations and furthering domestic ethnic unity, the ministry said on its website on Wednesday.

The measures include value-added tax exemption policy and simplified declaration process for small-scale border trade exports at pilot areas, and properly increasing amounts of local government bonds in border areas, to support infrastructure construction in border (cross-border) economic cooperation zones and key development and opening-up pilot zones.