In the first half of 2021, Shenzhen Baoneng Automobile Co., Ltd. produced 380 cars in a bonded manner for processing trade and exported to France through the "China-Europe Express", becoming the first processing trade vehicle manufacturer in Shenzhen.

According to the statistics of Shenzhen Customs, with the steady increase in the capacity of the "China-Europe Express" in the Bay Area, Shenzhen's imports and exports to the countries along the Belt and Road have maintained a good growth in the first half of 2021, with imports and exports of 351.54 billion yuan, an increase of 16.6%; among them, exports 176.01 billion yuan, an increase of 16.5%; imports 175.53 billion yuan, an increase of 16.6%. Shenzhen Customs actively implements the new development concept and the requirements of building a new development pattern, continuously optimizes processing trade supervision and services, supports and promotes the innovative development of high-end manufacturing industries, and actively explores the markets of countries along the Belt and Road.

Support the high-end manufacturing industry to enter the Belt and Road Initiative

It is reported that Shenzhen Baoneng Automobile Co., Ltd. accepts the French DS brand's commission to produce the high-end model DS9. Parts such as gearboxes are imported from abroad, accounting for about 40% of its total parts and components, and more than 90% of its products are exported overseas.

After learning about the company’s demands, Shenzhen Customs, based on the characteristics of the company’s vehicle production and operation, helped the company to set up the first complete vehicle manufacturing and processing trade manual in Shenzhen, and handled the filing of materials, unit consumption and finished products, and exempted the risk guarantee funds for the establishment of the manual 1.3 100 million yuan to support enterprises to carry out complete vehicle production in the form of processing trade, and directly save tax costs of hundreds of millions of yuan for enterprises. Lu Xingze, President of Shenzhen Baoneng Automobile Co., Ltd., said that the series of assistance measures provided by Shenzhen Customs to Baoneng Automobile are solid and effective, which has strengthened the confidence of the enterprise in development. The company's complete vehicle products are planned to be exported to more than 40 countries along the Belt and Road, and Central and Eastern Europe will be one of the key exports in the next step.

At the same time, Shenzhen’s high-end manufacturing industry can also save costs by importing materials and parts from the Belt and Road countries through processing trade. “Importing steel raw materials by processing trade is expected to save 4.8 million in costs in 2021, which relieves the company’s financial pressure. Reduced operating costs." said the person in charge of customs affairs at Watson Electric (Guangdong) Co., Ltd.

In 2020, the customs issued Announcement No. 54, 199 items were removed from the list of prohibited processing trade, including some steel products. Shenzhen Customs takes the initiative to carry out big data analysis, accurately locates companies that have import-related steel products demand, and conducts policy promotion through “online and offline” linkages, guiding companies to import related steel raw materials through processing trade bonded imports, alleviating financial pressures and reducing operating costs.

According to statistics, in the first half of 2021, Shenzhen Customs has accurately guided 11 companies including Watson Motors, Fuding Precision Components, Advanced Technology, and Shenzhen-Japan Steel to import steel raw materials from the Belt and Road in a bonded manner through processing trade, saving companies more than tax costs. 20 million yuan.

"China-Europe Express" enhances the competitiveness of the Belt and Road Initiative

In the early morning of July 16th, the Shenzhen "Bay Area Code" China-Europe Express Train was shipped from Shenzhen's Pinghunan National Logistics Hub, carrying electronic communication products worth more than 47 million yuan, and arrived in Russia through the Manzhouli port. Sinoe, this is the first export route to Russia since the opening of the "Bay Area Code". According to statistics, in the first half of the year, Shenzhen used rail transportation to import and export 9.45 billion yuan to countries along the Belt and Road, an increase of 29.5%, which was 5.6, 16.5 and 38.2 percentage points faster than the year-on-year growth of road transportation, sea transportation and air transportation, respectively.

Since 2021, the “China-Europe Express” has given full play to the unique advantages of international rail transport and maintained safe and stable operation, especially in the case of port blockage due to the impact of the epidemic. The supply chain has played an important role in helping "Made in China" exports.

Keywords: One Belt One Road News, One Belt One Road Project

According to customs statistics, since the opening of the "Bay Area Code" in Shenzhen in August 2020, the transportation capacity of the China-Europe freight train has increased steadily. In the first half of 2021, there were 37 trains with a value of 1.12 billion yuan; of which 8 trains were opened in June, an increase of 166.7 compared with the previous month. %, the value of goods is 270 million yuan, a month-on-month increase of 136%.Editor/Baohongying