Urumqi bonded zone sets up management committee

( chinadaily.com.cn )

Updated: 2015-12-01

Urumqi bonded zone sets up management committee

Chen Chunping, vice-mayor of Urumqi city speaks at the conference held in the Economic and Technological Development Zone on Nov 25. [Photo/uetd.gov.cn]

Related information

A comprehensive bonded zone, approved by the State Council, refers to a special supervisory zone of a port or harbor district.

It functions as a bonded port, involving port operations, bonded processing, logistics, import and export trade, international procurement, distribution, delivery, transit, after-sale services, financial services and scientific R&D.

This type of zone is the most open in China and enjoys enormous preferential policies.

Edited by Peter Nordlinger

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