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Source :General Office of Qianhai Authority

The total export volume of Qianhai and 10 other bonded zones in Guangdong reached 134.23 billion yuan (US$20.96 billion) from January to April, up 39 percent year on year, official figures showed.

According to Guangdong Customs, the total volume of imports and exports of the 11 bonded zones grew 16.3 percent from January to April to 282.575 billion yuan, compared to the same period last year.

Guangdong Customs attributed the steady growth in international trade to a number of policies that have been introduced to expand the logistics channels for the enterprises in the bonded zones.

Under one of the new logistics channels, export goods in the 11 comprehensive bonded zones in Guangdong can be transported to Europe countries through the China-Europe freight trains, saving one third of time previously needed and more than 50 percent of costs for the enterprises, according to Xie Yue, vice director of the free trade zone and special zones division of Guangdong Customs.

The customs also introduced an interconnected development model of the maintenance business in the Pingshan Comprehensive Bonded Zone and Qianhai Comprehensive Bonded Zone. After the implementation of the “bonded maintenance + logistics distribution”model, the value of bonded maintenance goods through the Qianhai Comprehensive Bonded Zone reached 198 million yuan. The maintenance cost was reduced by 50 percent and the maintenance cycle was cut by two days.

The Shenzhen Qianhai Comprehensive Bonded Zone was upgraded from the former Qianhaiwan Bonded Port Area in August last year. According to the development planning, structures with a total floor space of 1.0634 million square meters, mostly large warehouses, will be built in the bonded zone. At the same time, two berths for 200,000-ton container vessels, the world’s largest, to dock have been planned for the port area in Mawan with an investment of 4.37 billion yuan (US$631.46 million).

In 2020, the import and export volume of Shenzhen Qianhai Comprehensive Bonded Zone reached 195.07 billion yuan, an annual increase of 43.5 percent.