Companies all over the world make their way into China for the plentiful and low-cost labor available there, and China is now referred to as the "world's factory." Although the advances into China by foreign companies focused on the domestic market of mainland China have increased recently with the economic growth of China, the upward trend of processing trade still shows no sign of slowing down. We will state here an explanation of processing trade (processing with imported materials and processing with supplied materials) implemented in mainland China.
1. What processing trade means
2. Notification procedures
3. Export/import of cargo
4. Domestic sales
5. Procedures for verification and writing off