Pingxiang Integrated Free Trade Zone was founded on Dec 19, 2008, with the approval of the State Council. It was the fourth comprehensive bonded zone in China and the first one set in the land border area.
The 8.5-square-kilometer bonded area began to construct its industrial supporting facilities on Aug 26, 2016, with a planning area of 1,086 mu, or 72.3 hectares. With an investment of 1.8 billion yuan, it now plans to build a light industrial park, a mechanical and electrical processing industrial park and a processing industrial park for resources from ASEAN countries.
Relying on its geographic advantages, the area focuses on developing international trade, bonded logistics, cross-border e-commerce and the processing trade. By forging a special industrial system, it has upgraded the structure of import and export goods in border areas and driven the local economy.
From January to August last year, the import and export volume of the area reached 102.48 billion yuan ($15.23 billion), up 17.1 percent year-on-year. The container throughput achieved 215,000 twenty-foot equivalent units, up 119.2 percent year-on-year.