China launches first bonded remanufacturing business in Chongqing
On Friday, 1,080 used automotive transmission control modules arrived at the Chongqing Lianglu Guoyuan Port Comprehensive Bonded Zone, marking the official landing of China's first bonded remanufacturing business.
"This bonded remanufacturing business helps us connect the international supply chain and industrial chain, achieving efficient procurement of raw materials and global layout of remanufactured products, effectively reducing operating costs and enhancing the international competitiveness of our products," said Ruan Xijun, director of Chongqing Yuxiang Intelligent Technology, which imported the modules.
The company is estimated to remanufacture approximately 250,000 automotive transmissions, engines and their components under bond annually, achieving a trade volume of nearly 1 billion yuan ($138.2 million).
- China's top legislature to review draft law against cross-border corruption
- Shandong moving to promote green power use
- China to revise housing provident fund management rules
- China allocates 60m yuan for disaster relief in Henan
- Hangzhou police detain two suspects over forcible indecency at karaoke bar
- Two auxiliary officers in Xinjiang die while rescuing children from floodwaters
