Comprehensive bonded zone in NETDA sees robust foreign trade growth in H1

Imports and exports in the comprehensive bonded zone in the Nantong Economic and Technological Development Area (NETDA), East China's Jiangsu province were worth 6 billion yuan ($888.6 million), a year-on-year increase of 42 percent, from January to June, official statistics show. 

Fortune Supply Chain (Nantong) Co Ltd, which is based in the zone, was among the biggest contributors to the sector's growth. Its imports and exports in the first half of 2022 hit 3 billion yuan, up 70 percent year-on-year. 

One of the reasons behind this boom is the series of measures NETDA rolled out to help companies weather the challenges brought about by the COVID-19 pandemic.  

The measures include opening green channels for cargo transport, establishing special groups to stabilize supply and industrial chains, as well as setting up projects related to foreign trade headquarters, logistics distribution and sales services. 

The zone is presently home to the East China headquarters of Shenzhen Haichen Supply Chain Co Ltd. 

Founded in 2015, Fortune Supply Chain (Nantong) Co Ltd is the first modern logistics company in the zone.