Zhangjiagang Port becomes magnet for local development
July 1, 2014 Category Economic hubs, Logistics
With 127 berths and 33 Fortune 500 companies, Zhangjiagang port is becoming the growth engine of the local area. The port, in Zhangjiagang city in Jiangsu province, is built on the lower reaches of the Yangtze river. It handled 260 million tons of cargo in 2013 and has an import and export volume of 50.9 million tons. Today the port accounts for more than 60% of Zhangjiagang’s total revenue. Zhangjiagang used to be one of the poorest counties in Suzhou city in Jiangsu province before it became the main port in the area and the only free trade zone in Jiangsu. Zhangjiagang’s GDP reached CNY214.5 billion in 2013. One of the local businesses, the Shagang Group, is listed as a world Fortune 500 enterprise. Zhangjiagang is a relatively small city in China with a population of 1.54 million. It is the only port for importing finished automobiles in Jiangsu, with total imports and exports of 20,000 units in 2013. The port also stores and transports steel, grain, oil, coal and chemical products. It was ranked third for importing and exporting wood in China. Free trade zones and industrial parks in the city include the Zhangjiagang Free Trade Zone, the Yangtze River International Chemical Industrial Park, the Yangtze River International Metallurgy Industrial Park and the Zhangjiagang Logistic Park. Today the port has 52 container routes and maintains trading relationships with 473 port cities in 71 countries and regions, the China Daily reports.
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