China Hushen 300 index futures close higher Tuesday

BEIJING, March 22 (Xinhua) — China will extend its pilot program for cross-border e-commerce retail imports to facilitate trade and open up wider. The country will expand the piloting of cross-border e-commerce retail imports to all cities and regions where pilot free trade zones (FTZs), comprehensive cross-border e-commerce pilot zones, comprehensive bonded zones, demonstration zones on import promotion, or bonded logistics centers are situated, according to a notice issued by six agencies, including the Ministry of Commerce. Once verified for regulatory requirements, related cities and regions will be approved to run bonded import businesses via e-commerce. China has so far set up 21 FTZs and 105 comprehensive cross-border e-commerce pilot zones to facilitate its opening-up policy at a higher level.

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