Xi'an area of Shaanxi FTZ delivers outstanding results in H1

In the first half of this year, the Xi'an area of the China (Shaanxi) Pilot Free Trade Zone FTZ saw many achievements, establishing itself as a crucial component of Xi'an's opening-up and high-quality development.

From January to June, the Xi'an area of the Shaanxi FTZ saw 25 innovative cases, including four national-level innovations.

In terms of financial service innovation, the Xi'an area has also made strides. This year saw the establishment of Shaanxi province's first QFLP pilot fund - the Shaanxi Zhiwu Private Equity Fund (with a scale of $20 million). This initiative has aided in the attraction and utilization of foreign investment in the province.

To facilitate trade, innovative measures such as the "pre-check security, port-area linkage, direct loading upon arrival" model for goods being exported via China-Europe freight trains have significantly streamlined processes, reducing goods clearance times and enhancing efficiency.

Moreover, the launch of the Xi'an Second-hand Car Export One-Stop Service Center this year introduced a novel business model integrating second-hand car exports with the China-Europe freight train, bonded zones, and tax refunds at departure ports, simplifying the export process.

In the first half of the year, Xi'an welcomed 31 new second-hand car export-qualified enterprises and saw the export of 1,735 vehicles, marking an 86-percent increase year-on-year. The export value reached $46.13 million, a 35 percent increase, helping to stabilize the city's foreign trade.