10 innovative achievements of China's free trade zones in 2018

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5. Chongqing explores new supervision patterns

The Chongqing Free Trade Zone implemented several new efficient and convenient supervision models in special customs oversight areas, which include self-filing, self-determined verification periods, self-reporting, self-tax makeup and simplification of business approval procedures.

The practices of the Chongqing Free Trade Zone are not only an innovation of customs supervision, but also important for expanding the scope of optimum allocation of resources, improving the efficiency of resource allocation, and reducing the cost of optimizing resources through a series of reforms, Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, said.

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