Xi'an boosts opening-up efforts

Since the beginning of the year, the Xi'an High-tech Industries Development Zone has continued to advance its development and opening-up.

Xi'an high-tech zone demonstrated strong momentum in its open economy development, with a total foreign trade value of 143.81 billion yuan ($20.16 billion) in the first half of this year, marking a 23.2 percent growth compared with last year and ranking first in Shaanxi province and Xi'an city.

Xi'an's high-tech zone targets high-standard international economic and trade rules, steadily expanding institutional openness for rules, regulations, management, and standards. New impetus has been injected into foreign economic development, with 12 landmark achievements replicated nationwide and 33 achievements promoted in the province.

Efforts to optimize trade facilitation have significantly reduced clearance times by over 75 percent, benefitting enterprises. The time for equipment import clearance in the Xi'an High-tech Comprehensive Bonded Zone has been cut from 13 hours to seven hours, providing substantial support for cost reduction and competitiveness enhancement.

An aerial view of Xi'an High-tech Comprehensive Bonded Zone,  where equipment import clearance times have been cut by six hours. [Photo provided by Xi'an High-tech Industries Development Zone]

Xi'an high-tech zone currently boasts two comprehensive bonded zones, the Xi'an High-tech Comprehensive Bonded Zone and the Xi'an Guanzhong Comprehensive Bonded Zone.

The high-tech zone also contains the Xi'an National Processing Trade Industrial Park, Xi'an High-tech National Cultural Export Base, Xi'an Foreign Trade Transformation and Upgrading Base, and Xi'an National Production Service-oriented National Logistics Hub.

The first half of the year saw impressive foreign trade operations by companies in the Xi'an high-tech zone, instilling new vitality and opportunities for high-quality economic development.

Shaanxi Fast Auto Drive Group Co achieved a 55 percent growth in foreign trade exports in the first half of the year, showcasing significant international business expansion.

For another company, JD Energy, 2024 marks the debut of internationalization, with its first overseas project set for delivery in September. The company affirmed that amid an open economy, it will expand its presence in overseas markets by establishing research and after-sales teams abroad and enhancing its service network. It will also intensify its marketing efforts and brand promotion to capitalize on the burgeoning trend of going global in the energy storage industry.