The Putuo sub-area of the Zhoushan area within the China (Zhejiang) Pilot Free Trade Zone in East China's Zhejiang province has implemented a series of measures this year to stabilize foreign trade, which was hit hard by the COVID-19 pandemic. 

These measures include plans to build a complete oil and gas industrial chain, an online platform for oil and gas trading, and an allocation base for bulk commodities such as oil and gas products.

Authorities have organized more than 20 enterprises to take part in online exhibitions for aquatic products and marine services. The export of the aquatic products rose by 12 percent in the first half of 2022. 

One of the best performers in the zone in the first half of the year was Sinopec Zhejiang Zhoushan Petroleum Co Ltd, which supplied 4.16 million metric tons of bonded fuel oil - 47 percent of the national total - during the period. The company, which has in recent years been ramping up efforts to expand its bonded fuel oil supply business, also saw its export value hit 19.8 billion yuan ($2.92 billion).

Imports and exports in Putuo from January to June were worth 26.73 billion yuan, a year-on-year increase of 16 percent. Exports were valued at 25.24 billion yuan, up 33.8 percent year-on-year. The exports of oil products rose by 48 percent.