China's Ningbo City launches consolidated clearance for cross-border e-commerce goods

China's port city of Ningbo in the eastern Zhejiang Province launched a customs consolidation program for cargoes of cross-border e-commerce on Saturday.

The new mode allows a one-time clearance for domestic-to-international air transfer. The goods will remain under customs supervision throughout the entire transport process, without the need for repeated customs declaration during transit, according to local officials.

"Here in Ningbo, goods undergo one-stop processing for both consignment and customs clearance procedures. Once the goods arrive at the transit airport, there is no need to repeatedly go through the procedures such as warehousing out, warehousing in, customs declaration and inspection. Under this model, customs clearance time for goods can be reduced by over 30 percent, and clearance costs for enterprises can be lowered by nearly 20 percent," said Chen Jian, an official of Ningbo Airport Customs.

China's Ningbo City launches consolidated clearance for cross-border e-commerce goods

The U.S. dollar weakened in late trading on Monday.

The dollar index, which measures the greenback against six major peers, dropped to 0.28 percent to 98.370 at 3 p.m. (1900 GMT).

In late New York trading, the euro increased to 1.1728 dollars from 1.1725 dollars in the previous session, and the British pound was up to 1.3477 dollars from 1.3463 dollars in the previous session.

The U.S. dollar bought 159.50 Japanese yen, higher than 159.28 Japanese yen of the previous session. The U.S. dollar declined to 0.7859 Swiss francs from 0.7893 Swiss francs, and it lost to 1.3800 Canadian dollars from 1.3830 Canadian dollars. The U.S. dollar dropped to 9.2013 Swedish kronor from 9.2781 Swedish kronor.

U.S. dollar ticks down