Qingdao bonded zone wins ro-ro terminal okay for whole-car imports

THE Chinese State Council has given Qingdao Qianwan Bonded Port Zone approval for whole-car imports, enabling the opening of an import checkpoint in eastern Shandong province.

Now the port is building ro-ro terminal and the auxiliary facilities, expecting to start whole-car imports in the coming year, reports Xinhua.

Insiders believe that the import business can help the port fully utilise resources from home and abroad, promote the development of related service industries, such as trade, logistics and finance as well as increase Qingdao checkpoint's utilisation efficiency, lower the logistics costs for the imported whole cars and the parts to meet increasing demand for imported cars from hinterland.

It will also establish auto industry system integrating R&D and manufacturing, exhibit and trading, handling and transport, parts maintenance and manufacture, whole-car refitting and credit financing.