China Proposes Gold Import-Export Rule Changes

MT Newswires Live06-29

Chinese regulators proposed revising gold and gold product import-export regulations to streamline administration and facilitate trade, state media Xinhua News reported Sunday.

The People's Bank of China, jointly with the General Administration of Customs, drafted amendments to update the framework.

Key changes include removing provisions that require joint rules for individuals carrying gold across borders while maintaining customs oversight. The revisions formalize effective practices to improve convenience and strengthen pre-import supervision.

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