Puzhai has been a major border trade market on the Sino-Vietnamese border in Guangxi`s Pingxiang city. Over years of development, Puzhai has become the largest market for Sino-Vietnamese cross-border trade. It is also the largest market for the fruit trade between China and ASEAN and the largest rosewood furniture market in south east Asia.
As both quantity and categories of the border trade goods have kept increasing, the limited area of the Puzhai border trade market restricted by its geographical location can no longer satisfy the rising demand. This is also bringing inconvenience to the customs in supervising the market.
The planned border trade and logistics facility will be a solution to these problem with expanded market place and upgraded customs and inspection facilities. The facility is also bound to further facilitate border trade, enhance customs clearance efficiency and become an investment attraction, said Xinhua.
The Puzhai market`s annual trade value is CNY10 billion. It handles 500 trucks moving trade goods every day and 800 during peak season.