On July 31, the General Administration of Customs (GAC) issued the Risk Management Measures of the Customs of the People's Republic of China (the "Measures"), with effect on December 1, 2024.

The Measures specify that, the customs may, as needed for risk management, collect risk information by such channels as "implementing risk monitoring". The customs shall establish a risk assessment indicator system based on the collected information and other information obtained during the entry and exit supervision and management process, so as to identify the hazard factors and their causes, assess the degree of risk, possibility of occurrence, and trend, and make an assessment conclusion on the risk level. The Measures stipulate that the customs shall make management decisions on risk handling based on the risk assessment conclusions and in light of such factors as the credit status of organizations and individuals, and industries and characteristics of entry and exit activities, adopt handling measures that match the risk level, implement graded and classified handling, and adopt one or more risk handling measures that match the risk level pursuant to the law.

(Source: General Administration of Customs)