ECONOMY ListPage

By Wang Shen

The China Chengdu Hi-tech Comprehensive Bonded Zone has reached a total foreign trade volume of RMB 151.1 billion in the first half of 2018, as the Yicai Media Group reported on July 22.

Along with the electronic information giants expanding their businesses, the total volume of exports and imports in the Chengdu Bonded Zone has been raised by 25.7 percent year-on-year, which is the highest output in all bonded zones in China.

In the first half year of 2018, the foreign trade for Sichuan Province had increased rapidly. The total volume of imports and exports in Chengdu had exceeded RMB 200 billion. The international trade volume of Chengdu Bonded Zone has accounted for 60.5 percent of the total overseas trade volume for Sichuan Province, which indicates that the Chengdu Bonded Zone has become the primary force driving the foreign trade growth of the whole province.

The Chengdu Bonded Zone is a guaranteed port area under customs' special supervision in inland China. It is an open area with the highest level of opening-up, the most preferential policies, with complete functions and has the most simplified procedures.

It focuses on the manufacturing of laptops, tablet computers and wafer, chip packaging and testing, electronic components, precision machinery processing, and biomedicine. So far, it has attracted many of the Fortune 500 and multinational enterprises, including Intel, Texas Instruments, Foxconn, Dell, and Molex.

Chengdu Bonded Zone has advanced the integration of customs clearance in an in-depth manner, focusing on optimizing the process and simplifying the formalities. It has promoted the 24/7 customs clearance services and the "Internet + enterprise registration" services.

It will next work on improving clearance efficiency, lowering companies' costs, as well as actively promoting the upgrade of companies' technology, products and equipment.