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Bonded and export processing zones

www.chinanews.cn 2005-03-01 14:54:06

At a conference held in Beijing to celebrate the establishment of the
association for bonded zones and export processing zones, the General
Administration of Customs disclosed that China had approved fifteen
bonded zones and thirty-nine export processing zones. These zones have
served as a platform for the integration of China into the world economy,
fueling China's export-oriented economy. According to the
administrations' statistics, trading volume of China's bonded zones and
export processing zones totaled 109.69 billion US dollars in 2004,
accounting for 9.5% of the country's total export volume. By the end of
2004, the government approved 37,442 programs in bonded zones, 14,189 of
which were foreign-funded with a total investment of 32.84 billion US
dollars. China approved 823 programs in export processing zones, 700 of
which were foreign-funded with a total investment of 9.75 billion US
dollars.

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