New boosts on transformation of bonded zones

In light of the economic downturn brought by the COVID-19 pandemic, China has emphasised its development of comprehensive bonded zones (CBZs) to stabilise foreign trade and enhance its global influence and competitiveness. CBZs will boost in-zone businesses by providing preferential tax treatments, simplified customs and administrative procedures and other government support.

Read the newsletter from WTS China, a member firm of WTS Global, to get a detailed update on China’s CBZ development.

For further inquiries regarding this alert, please contact:

China Contact

Martin Ng
Managing Partner
martin.ng@wts.cn
+ 86 21 5047 8665 ext.202

Germany Contact

Ralf Dietzel
Partner
ralf.dietzel@wts.de
+49 (0) 89 28646 1745

Ened Du
Senior Manager
ened.du@wts.cn
+ 86 21 5047 8665 ext.215

Xiaolun Heijenga
Partner
xiaolun.heijenga@wts.de
+ 49-69-1338 456 320