Waigaoqiao Bonded Logistics Park business takes off
Statistics from Shanghai customs show that the city's Waigaoqiao Bonded Logistics Park handled 138 batches of hi-tech products during the seven-day Chinese New Year holidays alone, an increase of 712 per cent compared to the same period a year ago.
The goods were valued at US$40.57 million, up 2,486 per cent year on year, Xinhua reports.
This comes as the Waigaoqiao Bonded Logistics Park has seen rapid growth in business since beginning operations in July 2004. The number of registered companies operating on the site rose to 61 by the end of last year, with a total investment of CNY741 million (US$95.7 million).
The Waigaoqiao Bonded Logistics Park handled cargo worth a total of US$25.55 billion in 2006, most of which was exported to the Yangtze River Delta area.
The goods were valued at US$40.57 million, up 2,486 per cent year on year, Xinhua reports.
This comes as the Waigaoqiao Bonded Logistics Park has seen rapid growth in business since beginning operations in July 2004. The number of registered companies operating on the site rose to 61 by the end of last year, with a total investment of CNY741 million (US$95.7 million).
The Waigaoqiao Bonded Logistics Park handled cargo worth a total of US$25.55 billion in 2006, most of which was exported to the Yangtze River Delta area.
