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Bonded warehouse in Jinmen helps importers widen margins

( chinadaily.com.cn )

Updated: 2015-08-06

Xiamen postal service has announced plans to build a bonded warehouse on the nearby Jinmen Island to facilitate cross-border e-commerce business.

A suitable site has been chosen for the warehouse and construction work on the 10,000-square-meter facility has begun. The facility is scheduled to become operational in 2016.

Cross-border e-commerce has grown in Xiamen in recent years. In the first half of 2015, cross-border B2B (wholesale) trade in Xiamen accounted for 47 billion yuan ($7.59 billion).

Xiamen has yet to become a pilot city permitted to build bonded warehouses for e-commerce purposes. To this end, a bonded warehouse was established in Jinmen.

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