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China to simplify rules for cross-border gold trade

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China's central bank and customs will allow companies that have "frequent imports and exports" of gold and gold products to apply for a single permit that can be used in as many as 12 shipments.

Beijing

CHINA, the largest gold producer and consumer, is simplifying procedures for cross-border trade, a move that may speed up imports.

The central bank and customs will allow companies that have "frequent imports and exports" of gold and gold products to apply for a single