The Tianzhu Comprehensive Bonded Zone, the first of its kind in China’s capital city Beijing, has achieved a total import and export volume of 827.04 billion yuan (about 116.9 billion U.S. dollars) over the past 15 years, with an average annual growth rate of 25.8 percent, data from the Beijing Customs showed Friday.
Since starting operations in 2010, the zone has seen a significant structural transformation in foreign trade. In the earlier years, the manufacturing and processing industry accounted for 90 percent of its trade and now, trade in services makes up 95 percent of the total imports and exports.
Notably, the zone leads the country in the import of drugs for rare diseases and plays an important role in China's import and export of cultural products.