Shenzhen is a blessed place for foreign trade and cross-border e-commerce. Once the special zone is taken over, other regions will be eclipsed. In terms of location conditions, Shenzhen is on par with Guangzhou, and its land transportation and sea transportation are more developed than Guangzhou. Backed by the aviation distribution in Hong Kong, China, it can make up for Shenzhen’s disadvantage in the airport. Shenzhen’s bonded zone is the most powerful. It has a huge manufacturing cluster and a foreign trade army of more than 3 million people that have been formed for decades. Many cross-border pilot projects are not new here.
Shenzhen’s level of internationalization is far from comparable to other cities. Its import and export scale ranks first among large and medium-sized foreign trade cities in the country. Shenzhen’s cross-border e-commerce business accounts for more than 50% of the country’s total, which can be called a mysterious existence. The profound import resources, not to mention the countless water customers and purchasing agents, the Shenzhen-Hong Kong direct train and other convenient conditions, make the entire Hong Kong, China, a “bonded zone” of Shenzhen.
Shenzhen Qianhai Free Trade Pilot Zone is a “special zone within a special zone”. With the release of favorable national policies, various cross-border e-commerce models have become familiar with it. With its advanced supply chain advantages, it has formed an import Consumer goods distribution center.
Shenzhen is not limited to Qianhai. Cross-border operations in several customs supervision areas such as Futian Bonded Zone, Yantian Comprehensive Bonded Zone, and Airport Bonded Logistics Center are also quite active. The pain point in Shenzhen lies in the market mechanism. Since there are currently some companies in Shenzhen that are the only ones that own warehouses in the bonded zone and also operate the entire supply chain, coupled with regulatory factors, they have created a monopoly on Shenzhen’s cross-border e-commerce market. A single enterprise cannot import in large quantities, and its scale cannot increase.”