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(Source:www.nx.xinhuanet.com/Ding Litao)
BEIJING, July 14 (Xinhuanet) -- The Yinchuan Comprehensive Bonded Zone in northwest China’s Ningxia Hui Autonomous Region signed the first batch of 12 projects lately with a total investment of 1 billion yuan.
The projects cover several fields including cashmere textile, electronic products, halal food, Muslim products.
Since its running at the end of 2013, the zone has seized the opportunities of China’s opening-up-the-west-strategy, actively integrated itself into the “Belt and Road” Initiative, and adhered to the development of an open economy.
It has introduced a number of key projects like the jewelry culture industrial park, the Yi Feng wine industrial park, the Australian halal beef and mutton project, and the Ruyi spinning project.
It completed an import and export trade volume of 1.73 billion U.S. dollars in 2014.
Since the beginning of this year, Yinchuan Comprehensive Bonded Zone has made solid progress to further consolidate its open economic development foundation. As of now, there are 115 export-oriented enterprises settled here.
