The Dream Factory of China

Source :Qianhai Communication Center

The total import and export volume in Qianhaiwan Free Trade Port Area reached 9.02 billion yuan (US$1.27 billion) in the first five months of this year, up 170 percent from the same period last year, figures from Shenzhen Customs showed.

The robust growth in international trade was the result of a number of cross-border e-commerce facilitating policies that customs had adopted early this year.

The newly adopted general export model and direct-purchasing import model have significantly reduced the operational costs for import and export enterprises. World-famous electronics manufacturers such as Xiaomi and Samsung have relocated their warehouses to the free trade port area.

Customs has put into service a mobile app on which exporters and importers were able to complete customs clearance requirements for imports just ahead of June 18, another online shopping festival in the country.

Official statistics show that 1.77 million parcels worth 116 million yuan were cleared by the cross-border e-commerce enterprises in Qianhai on that day.

Customs responded quickly to the cancelations of multiple air and sea routes for international cargos in the face of the novel coronavirus (COVID-19) outbreak by initiating the MCC (multi-country consolidation) model in Qianhai.

Under the MCC model, parcels are shipped directly to the Hong Kong International Airport after completing all import & export paperwork in Qianhai. A green air-freight channel has been set up jointly by the customs and the Shenzhen Airport Group, offering logistics service with 48 flights on 18 newly added air cargo routes. In addition, the city’s western port area operates more than 160 shipping routes for cross-border e-commerce.

Qianhai has also worked with neighboring Dongguan to offer another logistics option through which parcels will be delivered to Dongguan for the Sino-Europe freight trains. Freight train transport cost is only one-fifth that of air cargo transport costs.

The customs authority has also launched an online service to process business applications from cross-border e-commerce enterprises, extended the tax payment deadline and waived overdue fines to help the enterprises through the prolonged COVID-19 pandemic.