China has significantly shortened the length of time it takes for imports and exports to clear its customs system, according to new data.
The General Administration of Customs said this week that targets set by the State Council have been met two years ahead of schedule, China.org reports.
The data states import clearance was recorded as 36.7 hours in December 2019, 62.3 per cent less than was the case in 2017.
In addition, export clearance time was cut to just 2.6 hours, 78.6 per cent lower than two years ago.
An improvement in the simplification of clearance procedures and lower customs-related fees were also noted by the organisation.
The news comes after China's State Council set targets in 2018 to cut customs clearance times in half by the end of 2021 in a bid to create more favourable conditions for businesses.
According to the World Bank's Doing Business 2020 report, China ranked 31st on the global ease of doing business rankings, making it one of the top ten most improved economies.