CBZs to spur services trade

Govt to promote business formats like financial leasing, healthcare within zones

China will encourage the use of innovation, testing and maintenance processes at its comprehensive bonded zones, or CBZs, to bolster the development of the services trade, a Customs official said on Tuesday.

The larger goal is to further integrate the growth of goods trade with that of services trade, said Chen Zhenchong, head of the department of free trade zones and special control areas under the General Administration of Customs.

As a next step, the government will promote the development of new business formats such as financial leasing, cross-border e-commerce, cultural creativity and healthcare within the nation's CBZs, he said.