BEIJING, May 19 (Xinhua) -- The Yangshan special integrated bonded zone in east China's Shanghai was unveiled on May 16.
As the only special integrated bonded zone in China, the Yangshan special integrated bonded zone is located in the southeast of Shanghai, with a planned area of 25.31 square kilometers.
It consists of the Luchaogang area, the Xiaoyangshan Island area and the southern area of Pudong Airport.
In January of this year, the State Council, China's cabinet, approved the establishment of the Yangshan special integrated bonded zone. On May 12, the zone (Phase I) passed the acceptance.
In the next step, it will accelerate the development of functions, industrial agglomeration, facilities upgrades, and system innovations, and build it into a special customs supervision area with the most international competitiveness, according to the zone. (Edited by Hu Pingchao with Xinhua Silk Road, firstname.lastname@example.org)