Core Insights - The Guangxi Pingxiang city has seen a significant increase in cross-border freight vehicle traffic, surpassing 300,000 entries and exits as of May 9, 2023, representing a year-on-year growth of approximately 19.3% [1][2] Group 1: Trade and Economic Impact - The increase in vehicle flow is attributed to the facilitation of cross-border trade policies, leading to a surge in trade activities between China and Vietnam [2] - Pingxiang city is transforming from a "channel economy" to an "industrial economy," with the establishment of 10 new processing enterprises and 155 import-export companies this year [2] Group 2: Technological Advancements - The implementation of paperless electronic declarations and the use of the upgraded cross-border vehicle quick clearance system 2.0 have significantly expedited vehicle inspections, reducing inspection times by 75% [2] - The ongoing development of the first cross-border smart port, the China-Vietnam Friendship Pass, is focused on integrating large-scale equipment and information systems for enhanced operational efficiency [2]