Shenzhen FTZ yields fruitful results in H1

The Qianhai and Shekou Area of the China (Guangdong) Pilot Free Trade Zone in Shenzhen yielded fruitful results in the first half of the year.

According to statistics from Shenzhen customs, the total import-export volume of the customs registered enterprises at the Qianhai and Shekou Area in the first half of the year was 80.54 billion yuan ($11.41 billion), a year-on-year increase of 40.2 percent.

The bonded import value of online shopping of the Qianhai and Shekou Area from January to June totaled 1.8 billion yuan, with a yearly growth rate of 33.4 percent. In addition, the sales of parallel import vehicles at the bonded warehouses of the area saw an 11.8-fold increase over the same period of the previous year.

Shenzhen customs has been promoting the construction of a service center in the Qianhai and Shekou Area in recent few years, which integrates sea, land, and air transportation. It can save about 30 percent of logistics costs for enterprises and make logistics times more controllable.

As a result, since the implementation of the project in November 2018, the total amount of the Area's cargo that went through Shenzhen customs reached 3,990.3 metric tons, with a value of 5.57 billion yuan.