Foreign buyers attend a textiles expo in Keqiao district, Shaoxing. [Photo provided to chinadaily.com.cn]

Shaoxing in East China's Zhejiang province launched a simplified customs clearance model on Nov 25.

Kyrgyzstan-bound textiles valued at $130,000 set out from China Textile City at 9:30 am, marking the first successful operation of Shaoxing's so-called "market procurement trade" mechanism.

This model offers quick customs clearance, convenience, and value-added tax exemptions and allows eligible business operators to buy goods with a single declaration value of up to $150,000 in market cluster areas recognized by commerce authorities and other agencies and undergo export clearance procedures at the point of purchase.

China Textile City in Keqiao district accounts for one-fourth of global textile trade and was approved by the central government to pilot the new model on Sept 15.

In 2019, its trade was valued at over 200 billion yuan ($30.46 billion), while exports were valued at over $10 billion. From January to October, its retail and online sales grew by 84 percent and 14.8 percent, respectively.