Kansas City Post
30 Nov 2022, 10 GMT+10
Every day, Yan Xinhua sees off dozens of containers to the port of Tianjin, some 1,200 km away, where the goods are directly shipped to overseas markets.
The goods are cleared by the customs authorities in Yinchuan, the capital of northwest China's Ningxia Hui Autonomous Region, and then loaded into containers entrusted to Yan's company by international shippers.
"I started this direct logistics service to export Ningxia products to overseas markets less than two years ago and now send 3,000 containers each year," said the 40-year-old chairman of a logistics company.
Located at the Yinchuan International Road and Rail Logistic Port on the outskirt of Yinchuan, Yan's company is benefitting from the export-oriented policy in recent years.
The export-oriented policy is greatly pushing forward overseas trade of Ningxia, which imported and exported 21.4 billion yuan (about 3 billion U.S. dollars) worth of goods from January to October this year, a 57.6 percent year-on-year increase, said official statistics.
According to statistics provided by Yinchuan Customs, among the exports, about 30 percent are those sold with bonded logistics and cross-border e-commerce.
"The bonded logistics system in Ningxia offers a 'one-stamp' clearance service with customs to send goods abroad through shipping and railway without any transit," said Yan.
The policy could help improve customs clearance efficiency, save half of the transport time and reduce 30 percent of transport costs, according to Yan.
With pro-export policies in customs clearance and taxes, e-commerce is playing a more and more important role in cross-border transactions here, bringing more business opportunities.
Located at a geographical backwater, Ningxia has wasted no time in catching up with the wave of development in the e-commerce industry by setting up a comprehensive cross-border e-commerce pilot zone, including five cross-border e-commerce industrial parks and a bonded zone cross-border e-commerce incubation base.
According to official statistics of China Customs, China's cross-border e-commerce volume had increased nearly 10 times in five years to 1.92 trillion yuan last year.
"We receive orders online and send goods directly to customers from transit warehouses at home and abroad," said Yang Wanlong, general manager of the incubation base, which hires 30 staff workers and collaborates with 60 self-employed people all in their 20s.
Selling a great variety of China-made goods, enterprises in the city of Yinchuan have rented five warehouses totaling over 60,000 square meters in countries including the United States, Kazakhstan, and Singapore.
Riding the cross-border e-commerce boom, the city currently has 475 enterprises engaging in the cross-border e-commerce business, which have registered over 40 brands in countries including the United States, Japan, and the Republic of Korea.
Their goods on sale range from furniture and auto parts to cosplay costumes, with the major markets in North and South America, Southeast Asia, the Middle East, and Europe.
In another way, the bonded zone in Yinchuan is also establishing duty-free shops for imported goods to tap the local market for foreign businesses.
"We are buying foreign goods 7 percent to 20 percent cheaper here with good quality," said a man who bought Lego toys for his son at a cross-border O2O shop in the bonded zone near Yinchuan airport.
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationWASHINGTON DC - In a major blow to U.S. President Joe Biden, less that a year out from the November ...
TOKYO, Japan: This week, the U.S. Air Force said that divers have discovered the wreckage and the remains of five ...
VANDENBERG, California: South Korea successfully launched its inaugural military spy satellite, following North Korea's recent claim of deploying its own ...
JAKARTA, Indonesia: The death toll from the eruption of Indonesia's Marapi volcano surged to 22 as rescuers discovered additional climbers ...
In September, Tamir Pardo, who headed the Mossad, Israel's national intelligence agency, under Prime Minister Benjamin Netanyahu from 2011 to ...
HONOLULU, Hawaii: U.S. Navy officials say that it would cost some $1.5 million to salvage a P-8A jet plane that ...
NEW YORK: This week, ratings agency Moody's warned that it could downgrade China's credit rating, citing costs to bail out ...
NEW YORK, New York - AI set the scene for solid gains in technology shares on Thursday. Demand for Alphabet ...
WASHINGTON D.C.: To help reduce car collisions with wildlife and help animals safely cross roadways, the U.S. Transportation Department has ...
BRUSSELS, Belgium: To address power shortages at electric vehicle (EV) charging stations, last week, the European Commission announced plans to ...
BEIJING, China: Falling hog prices, mounting losses and rising debt are putting pressure on the biggest pig breeders in China, ...
NEW YORK, New York - A decline in labor costs as measured by ADP failed to boost U.S. Markets Wednesday."ADP's ...
DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...
Read More