Qingdao’s Shinan district to become logistics hub
November 14, 2013 Category Economic hubs, Logistics
Shinan district, the central district of Qingdao, has mapped out a grand plan to become an international shipping service center in Northeast Asia. After years of development, Shinan district is now the center of the city’s politics, economy, culture and finance. In 2012, Shinan’s trade volume reached USD14.7 billion, ranking first among all districts of the coastal city in Shandong province. More than 80% of shipping and logistics companies in Qingdao are located in Shinan district. More than 3,000 logistics companies have either headquarters or subsidiaries in Shinan. Qingdao’s construction of a free trade zone (FTZ) with South Korea and Japan will create unprecedented opportunities within the district. The shipping industry will be high on the agenda for the future development of Shinan. The district hopes to attract a large number of international shipping companies to set up headquarters. The goal is to introduce 10 top shipping companies with global influence and 20 large shipping service companies by 2016. The district has implemented preferential policies to improve its investment environment and attract companies. It set up a credit-rating system for logistics companies. Those with a higher rating will gain more government support in their brand building. Qingdao has more than 450 shipping lanes to all parts of the world. It is also home to about a quarter of the marine science institutes in China with more than 80% of academicians in the marine field, which gives the city a strong lead in marine technology. Qingdao port handled 410 million metric tons of cargo last year, making it the seventh largest in the world.
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