XIAMEN Xiangyu Bonded Zone in southeastern Fujian province, posted a 27.6 per cent year-on-year increase in trade value to US$4.47 billion in the first 10 months of 2012, with a 30 per cent increase in export value to $2.9 billion, reports Xinhua.
In the same period, the value of all industries in the zone increased 18.2 per cent to CNY4.31 billion (US$690 million) while revenue grew 13.1 per cent to CNY5.34 billion.
The bonded zone continues to attract investment due to its special preferential policy and business-friendly environment, said the zone's management committee director Shuxi Lin.
As of October, the zone attracted 2,800 major domestic and foreigh companies such as CSCL, Sinotrans, Kerry EAS and Nippon Express, and has won investment totalling US$2.15 billion, generating a bonded area-wide trade value of US$38 billion.
Cargo value alone stood at US$94.7 billion with logistics operating revenue CNY33.44 billion, fiscal and other tax revenue at CNY10.51 (excluding Dongdu Customs). Its GDP and trade value took the lead for many years in the same kind domestic zone.
It now includes five major areas, namely Xiangyu Bonded Zone Phase 1, Bonded Logistics Park Zone, Bonded Zone Phase 2, Airport Industry and Logistics Park and Dongdu Port Area, covering nine square kilometres.