Aerial photo taken on May 22, 2018 shows the Guian Comprehensive Bonded Zone in Guian New District of southwest China's Guizhou Province. (Xinhua/Liu Xu)
BEIJING, Oct. 9 (Xinhua) -- Total imports and exports by comprehensive bonded areas across China reached 2.03 trillion yuan in the first eight months of the year, up 15.7 percent year on year, contributing over 30 percent to the growth of China's foreign trade in the period, reported Economic Daily on Wednesday.
Trade volume soared 26.2 percent year on year in the comprehensive bonded areas of China's central and western regions during the same period, contributing 6.6 percentage points in the overall foreign trade growth in the region.
Comprehensive bonded areas are special commercial zones that enjoy favorable taxation policies and are managed by customs officials.
The State Council, China's cabinet, has approved the upgrade of 26 customs special supervision zones to comprehensive bonded areas this year, making the total number of the comprehensive bonded areas to 144.
Since 2020, a total of 5,452 enterprises were newly registered in the comprehensive bonded areas, an increase of 13.3 percent, injecting impetus to China's foreign trade development.
In the future, China will strive to build the comprehensive bonded areas into multifunctional centers of processing, manufacturing, R&D, logistics distribution, and sales and services, according to an official with the General Administration of Customs. (Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)
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