Quanzhou Comprehensive Bonded Zone
Quanzhou Comprehensive Bonded Zone [Photo provided to enquanzhou.com]
Quanzhou Comprehensive Bonded Zone, the former Quanzhou export processing zone, is the only special customs supervision area in Quanzhou and an important platform for implementing the Belt and Road Initiative (BRI).
Functional advantages
Store import and export goods and other goods that have not gone through customs formalities; foreign trade, including international entre-pot trade; international procurement and distribution; international transit; testing and after-sales service maintenance; commodity display; research and development, processing and manufacturing; other business approved by customs.
Unique location
Located on the north side of No 324 national highway, Quanzhou Comprehensive Bonded Zone has obvious location advantages and is part of a prominent transport network. It is within a 15-kilometer service radius of Quanzhou Jinjiang International Airport, Fuzhou-Xiamen high-speed railway, an expressway entrance and a port area.
Industrial structure
There have been 63 projects settled in the zone by world top 500 enterprises, including 26 processing and production projects, 36 trade and logistics projects and one real estate project. The projects' total investment is about three billion yuan ($426 million). The projects are mainly involved in aviation repair, high-end printing, electronic components, ceramic inkjet machinery, hardware products, wine and food, new materials, precious metals processing, and bonded warehousing logistics.
Economic development
In 2018, the output value of the whole region reached 7.04 billion yuan, and the annual social fixed investment reached 309.04 million yuan, an increase of 52.55 percent year-on-year. Its import and export totaled $2.48 billion, up 67.5 percent year-on-year.
Quanzhou Comprehensive Bonded Zone ranked 22nd among the 65 comprehensive bonded zones in China in 2018.
Development orientation
Quanzhou Comprehensive Bonded Zone plans to build "two bases" (a bonded processing and manufacturing base, and a maintenance, research, development and testing base) and "three centers" (a Maritime Silk Road international logistics center, a cross-border e-commerce operation center, and an import commodity display and trading center) to better serve and drive the sustained development of the city's open economy.