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China's Zhengzhou Xinzheng Comprehensive Bonded Zone yields over RMB400 bln in 2020 foreign trade

January 27, 2021


Abstract : Zhengzhou Xinzheng Comprehensive Bonded Zone in central China's Henan Province saw its import and export value in 2020 stand at 410.35 billion yuan (about 63.48 billion U.S. dollars), an increase of 18.5 percent year-on-year, according to the local customs on Wednesday.

Zhengzhou cross-border e-commerce.png

A man selects imported products in the Zhengzhou cross-border e-commerce pilot bonded zone, in Zhengzhou, central China's Henan Province, Jan. 14, 2019. (Xinhua/Lu Ye) 

BEIJING, Jan. 27 (Xinhua) -- Zhengzhou Xinzheng Comprehensive Bonded Zone in central China's Henan Province saw its import and export value in 2020 stand at 410.35 billion yuan (about 63.48 billion U.S. dollars), an increase of 18.5 percent year on year, according to the local customs on Wednesday.

The zone's foreign trade accounted for 61.7 percent of the total import and export value of the province's foreign trade during the period. 

It is worth noting that cross-border e-commerce business, as an emerging business in the Zone, has been maintaining a rapid growth trend. 

In 2020, the local customs supervised a total of 110 million cross-border e-commerce import and export orders in the Zone, with a value of 10.67 billion yuan, up 85.7 percent and 65.1 percent year on year, respectively, indicating that the cross-border e-commerce has become a new engine for promoting the growth of imports and exports in the region. 

With regard to the imported and exported garments, Zhengzhou Customs had taken multiple measures to continuously shorten the logistics time of goods and save the cost of enterprises for customs clearance.

Currently, the imported clothing in the zone can be distributed to more than 600 stores in 67 cities across the country. In 2020, Zhengzhou Customs supervised a total of 237 charter flights for imported and exported garments, with a cargo volume of 13,800 tonnes, an increase of 38.6 percent and 51.8 percent year on year, respectively. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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Keyword: Zhengzhou foreign trade cross-border e-commerce bonded zone

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