The Dream Factory of China

Source :Qianhai Communication Center

The total volume of imports and exports of the city’s comprehensive bonded areas reached 620.7 billion yuan (US$95.8 billion) in the first 11 months last year, up 8.45 percent year on year.

Covering less than 0.5 percent of the total area of Shenzhen, the foreign trade volume of the Qianhai, Yantian and Pingshan comprehensive bonded areas accounted for more than 20 percent of the city’s total.

The customs has taken a number of innovative measures to further optimize the business environment to boost the city’s imports and exports, and upgrade the supervision model to help the enterprises in the bonded areas to explore both domestic and international markets.

In the Qianhai and Yantian comprehensive bonded zones, the customs has piloted the “global central warehouse” project, which allows bonded and non-bonded goods, and small and bulk goods to be stored in the same warehouse, where the allocation of import and export goods is carried out.

Last year, the value of non-bonded goods stored in the “global central warehouses” reached 1.28 billion yuan. The project has effectively improved the utilization of warehouses in the bonded areas and helped enterprises save operation costs.

The Qianhai, Yantian and Pingshan comprehensive bonded zones have differentiated and complementary development focuses as designated by customs.

Qianhai and Yantian have deepwater ports, with a well-developed logistics industry, while Pingshan has abundant processing and maintenance-related resources as the home of a large number of processing enterprises.

An important platform for the country’s open economy, the comprehensive bonded zones play an important role in boosting international trade growth, driving domestic industrial upgrading, stabilizing the local employment market and promoting regional development.