Im­proved trans­port spurs port’s growth

China Daily (Hong Kong) - - BUSINESS - By CHAI HUA

Amid rapid eco­nomic ex­pan­sion, in­fras­truc ture con­struc­tion in Zhan­jiang, Guang­dong prov­ince, achieved fur­ther progress in the first half of 2017.

The city recorded 58.9 bil­lion yuan ($8.69 bil­lion) in gross do­mes­tic prod­uct in the first quar­ter of the year, an in­crease of 8 per­cent from the same pe­riod last year.

In the first five months, large and medium-sized in­dus­trial en­ter­prises’ gross profit in­creased 7.1 per­cent to 31.4 bil­lion yuan. Gov­ern­ment rev­enue surged roughly 30 per­cent to 23 bil­lion yuan.

Trans­port has been the bot­tle­neck for Zhan­jiang’s growth, but the gov­ern­ment is vig­or­ously im­prov­ing it. It in­vested 2.73 bil­lion yuan in trans­port in­fra­struc­ture con­struc­tion from Jan­uary to May this year, up about 37 per­cent year-on-year.

The Over­seas Chi­nese Town — a State-owned tourism, cul­ture and real es­tate en­ter­prise — plans to in­vest 100 bil­lion yuan to build a first-class high­way cir­cling the coast of the Leizhou Penin­sula, where the city is lo­cated.

The Dong­hai Is­land Rail­way, a cru­cial part of the west coast high-speed rail project in Guang­dong, is due to be com­pleted by the end of Septem­ber. The rail­way will pro­vide strong sup­port to the city’s key projects, such as the steel fa­cil­ity estab­lished by Baos­teel Group and the Zhan­jiang gov­ern­ment.

In ad­di­tion, a high-speed rail­way link­ing the city with Guangzhou is also due to be com­pleted in June 2018.

Con­struc­tion on a new air­port will kick off this Oc­to­ber. In the first five months, the ex­ist­ing Zhan­jiang Air­port served 839,000 pas­sen­gers, up 34 per­cent.

Ac­cord­ing to the 13th FiveYear Plan (2016-20)for the trans­port sys­tem re­leased by the Guang­dong De­vel­op­ment and Re­form Com­mis­sion in April, the new Zhan­jiang air­port is po­si­tioned as an in­ter­na­tional hub to link ma­jor do­mes­tic cities with those in South­east Asia.

Zhan­jiang has also un­veiled plans to build new or ex­pand ex­ist­ing in­dus­trial fa­cil­i­ties.

In the first five months of this year, Baos­teel’s Zhan­jiang fa­cil­ity achieved an out­put value of 14 bil­lion yuan, a re­mark­able three-fold in­crease on the same pe­riod last year.

Dur­ing the same pe­riod, Chen­ming Group’s pa­per plant saw a rise of 25 per­cent in out­put value.

The city has built one of the world’s largest pa­per­mak­ing base, and is work­ing on new lo­gis­tic parks and ad­vaced tech­nol­ogy in­dus­trial zones.

En­hanc­ing ma­jor in­dus­trial fa­cil­i­ties is one of the five in­dus­trial de­vel­op­ment plans pro­posed by Zhan­jiang Party chief Zheng Ren­hao in April. Other mea­sures in­clude up­grad­ing tra­di­tional in­dus­tries and speed­ing up the de­vel­op­ment of mod­ern sec­tors such as the ser­vices, high­tech and marine in­dus­tries.

was in­vested in Zhan­jiang’s trans­port in­fra­struc­ture con­struc­tion in the first five months of 2017

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.