Quzhou Comprehensive Bonded Zone in Quzhou, Zhejiang province, witnessed container trucks loaded with imported wood pulp pass through checkpoints in just 10 seconds on June 10. Nearby, the zone's first bonded processing project, Kangying Semiconductor Packaging and Testing, was making final preparations for mass production next month.

Since operations began on June 11 last year, such efficiency has become routine at Quzhou Comprehensive Bonded Zone. Quzhou Customs reports that the zone's bonded import and export volume has surpassed 5 billion yuan ($737.86 million) in the past year.

Quzhou focuses on six key industries, including new materials, new energy, and integrated circuits. As the first bonded zone in western Zhejiang, it aims to facilitate the implementation of major projects with efficient government services.

Quzhou Comprehensive Bonded Zone. [Photo/Tide News]

Feng Ruohao, head of Zhejiang Kangying Semiconductor Technology, said the local integrated circuit industry aligns well with the company's products. The company relies on imported raw materials and exports 90 percent of its products.

Operating in the bonded zone allows for deferred taxes on raw materials and rapid customs clearance, reducing financial and logistical costs.

The zone is developing more facilities to attract high-value projects, said Su Qinliang, director of the Quzhou Comprehensive Bonded Zone Service Promotion Center. Currently, 20 enterprises operate in the bonded zone.

According to Su, by year-end, the Digital Bonded Zone platform will also provide online logistics and inventory management, enhancing efficiency and reducing business burdens.