The Dream Factory of China

Source :Qianhai Communication Center

The total volume of imports and exports of enterprises based in the city’s three comprehensive bonded zones reached 434.28 billion yuan (US$62 billion) in the first eight months of this year, a year-on-year increase of 11 percent, accounting for more than 20 percent of the city’s total, according to official figures.

The robust growth was the result of a number of policies and measures adopted by Shenzhen Customs to facilitate international trade in response to the global pandemic that for months had put the world’s economy on hold.

The Qianhai Comprehensive Bonded Zone, which was upgraded in August from the former Qianhaiwan Bonded Port Area, has worked with Customs to introduce some 62 innovative measures to boost cross-border trade. Thirty of the measures have been duplicated and promoted province-wide in Guangdong.

In July, an innovative supervision mode that features Internet + bonded logistics was introduced in the Qianhai Comprehensive Bonded Zone to streamline the customs clearance process for exporters and importers in the bonded zone, in order to stabilize the supply chain enterprises.

Huang Miaoshen, manager in charge of customs clearance affairs of Shenzhen Qianhai Zhongwaiyun Supply Chain Co. Ltd. in the Qianhai bonded zone, said that the introduction of the Internet +bonded logistics model generally saves her company at least one-third of the clearance time, which is especially time-saving in dealing with multiple batches of imported and exported goods in small quantities.

The Internet +bonded logistics practice is among a series of policies and measures designed to support the development of enterprises engaging in international trade business and to create a friendly business environment in the bonded zones.

One of the policies allows enterprises in the bonded zones store non-bonded goods in the same warehouses with bonded goods, facilitating the enterprises to tap the domestic market while engaging in international trade.

“The policy has saved my company 200,000 yuan in operational expenses including warehousing fees and labor costs,” said the manager surnamed Meng of Shenzhen Guangyan Supply Chain Co. Ltd., adding that his company has delivered more than 5,500 tons of non-bonded goods from in and out of the Yantian Comprehensive Bonded Zone as of August this year.