China sees customs revenue grow

China saw its customs revenue grow 13.6 percent on a yearly basis to 2.29 trillion yuan ($340.75 billion) in 2022, data from the General Administration of Customs showed.

With Customs authorities across China implementing tax reductions and import tax preferential policies, tariff concessions under free trade agreements and other measures in 2022, they helped businesses save 285 billion yuan via tax cuts and tax refunds, according to a statement released by the administration, after its annual meeting held in Beijing, on Friday.