Xiangyu bonded zone in Xiamen, a coastal city in east China's Fujian Province, has witnessed sound development with firms there posting a combined product value of 470 million yuan (56.6 million US dollars) in the first half of this year, up 35.8 percent year-on-year.

Hu Hanpi, director of the zone's administrative committee, told the press Wednesday that the zone also recorded big increases in industrial production, foreign trade, logistics and container transport business. The logistics industry, for instance, reported business revenues of 430 million yuan (52 million dollars), an increase of 15 percent.

Xiangyu bonded zone is relatively small, covering only 0.64 square kilometers, but boasts convenient air, road and sea links with the outside world. Xiamen is on one side of the Taiwan Straits.

Hu said priority would be given to the development of such sectors as modern logistics, storage, high-tech processing and international trade at the zone.

Since it was inaugurated 11 years ago, more than 1,000 enterprises from 21 countries and regions had established their presence in the zone, pouring investment totaling more than 700 million dollars and importing and exporting goods with a combined value of nearly 10 billion dollars.

Source: Xinhua