July 02, 2020

Waigaoqiao boosts port economy despite pandemic

Shanghai’s port economy has developed rapidly despite the COVID-19 epidemic. The Waigaoqiao Bonded Area is giving full play to the country’s supporting policies for free trade zones.
Due to the epidemic, the biggest client of Shanghai Shine-Link International Logistics Co Ltd changed from automobile enterprises to sportswear manufacturer Nike. Cosmetics products also contributed to the imported goods market through Shanghai port.
Shanghai Free Trade Zone International Culture and Investment Co Ltd has 3,000 square meters of bonded warehouse. Construction of the company’s bonded service center of international artworks will be completed in July.
Last year, altogether 2,200 pieces of cultural antiques were transferred through the company, accounting for 90 percent of the figure for the whole country.
Last July, benefiting from Waigaoqiao’s innovative policies, the Waigaoqiao Bonded Area finished the approval procedures for introducing artworks showcased on Discovery Channel’s exhibition within two working days.