A bird's-eye view of the port area in Wenzhou. [Photo/66wz.com]
The coastal city of Wenzhou in East China's Zhejiang province is aiming for breakthroughs in foreign trade this year, local media outlets reported.
To achieve this goal, the city plans to make efforts to build up four digital application scenarios, promote the rapid development of China-Europe (Wenzhou-Yiwu-Xinjiang-Europe) freight trains, branding the pilot zone for Chinese and overseas Chinese businesspeople and bringing in at least 40 new projects with over 100 million yuan ($15 million) each in investment, generating over 5 billion yuan in foreign trade in the comprehensive bonded zone, and realizing more than 40 billion yuan in total cross-border e-commerce annually.
Statistics show that in 2021, Wenzhou's total foreign trade, actual utilization of foreign capital, and foreign investment increased by 10.1 percent, 66.4 percent, and 111 percent, respectively, and exports exceeded 200 billion yuan for the first time.
In addition, the ranking of Wenzhou's cross-border e-commerce pilot zone on the national list climbed to 25th place last year.
The total value of the imports and exports of the comprehensive bonded zone reached 2.57 billion yuan, up 273 percent year on year. A total of 45 projects with more than 100 million yuan in investment were also brought in by the pilot zone for Chinese and overseas Chinese businesspeople in 2021.
Meanwhile, the international freight train took its first trip, marking the launch of a container sea-rail combined transport channel with the second largest transportation capacity in Zhejiang province.
