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First comprehensive bonded zone at Alataw Pass starts operation
NORTHWEST China's Xinjiang Uygur Autonomous Region has recently launched the operation of its first bonded zone at the Alataw Pass, the country's largest inland port, reports Xinhua.
Covering 5.6 square kilometres in the Mongolian autonomous prefecture of Bortala, the Alataw Pass Comprehensive Bonded Zone involves an investment of about CNY800 million (US$128 million).
The zone, one of 16 in China, is expected to attract foreign investment and carry on industrial transfer as well as promote development of the region's Silk Road Economic Belt.
The Alataw Pass has been opened for service since 1991 and moved a total of 25.24 million tonnes of cargo in 2010, valued at $11.87 billion. Also the facility brought tax revenue of CNY10.37 billion a year.
Covering 5.6 square kilometres in the Mongolian autonomous prefecture of Bortala, the Alataw Pass Comprehensive Bonded Zone involves an investment of about CNY800 million (US$128 million).
The zone, one of 16 in China, is expected to attract foreign investment and carry on industrial transfer as well as promote development of the region's Silk Road Economic Belt.
The Alataw Pass has been opened for service since 1991 and moved a total of 25.24 million tonnes of cargo in 2010, valued at $11.87 billion. Also the facility brought tax revenue of CNY10.37 billion a year.
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