Two years ago, Dongguan started to implement ma-chine account mechanism for processing trade as thecountry’s experimental municipality. The machine ac-count mechanism was overall carried out in the province onJuly 1,...Two years ago, Dongguan started to implement ma-chine account mechanism for processing trade as thecountry’s experimental municipality. The machine ac-count mechanism was overall carried out in the province onJuly 1, 1996. Has processing trade been influenced underthe new policy? What about the actual operation of machineaccount mechanism?According to statistics of each municipal foreign tradeand economy comission, from the end of November of 1995to the end of October of 1997, the provice approved a totalof 250,000 processing trade contracts worth $ 157.93 bil-lion. According to statistics of the provincial Bank of China,183,733 contracts and $ 115.6 billion were put on recordduring the period, with 96,174 contracts canceled after veri-展开更多
文摘Two years ago, Dongguan started to implement ma-chine account mechanism for processing trade as thecountry’s experimental municipality. The machine ac-count mechanism was overall carried out in the province onJuly 1, 1996. Has processing trade been influenced underthe new policy? What about the actual operation of machineaccount mechanism?According to statistics of each municipal foreign tradeand economy comission, from the end of November of 1995to the end of October of 1997, the provice approved a totalof 250,000 processing trade contracts worth $ 157.93 bil-lion. According to statistics of the provincial Bank of China,183,733 contracts and $ 115.6 billion were put on recordduring the period, with 96,174 contracts canceled after veri-
