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New trade corridor gives boost to coastal industries in Guangxi
2019-08-22 Author: Source:www.chinadaily.com.cn Views:1117
Fishing boats leave a port to resume fishing after three-and-a-half-month fishing ban in Fangchenggang city, Guangxi Zhuang autonomous region on Aug 16. [Photo/IC]
The cities on the shoreline of Guangxi's Beibu Gulf, including Fangchenggang, Qinzhou and Beihai, have become hot spots for investment as the cities' ports now serve as an important transit in the rail-sea freight routes under the New International Land-Sea Trade Corridor, a trade and logistics passage jointly launched by western Chinese provincial regions and Singapore.
In the port area of Fangchenggang, construction is underway on a 1,267-hectare iron and steel production base with a designed annual production capacity of 9.2 million metric tons.
The base, owned by Guangxi Liuzhou Iron and Steel Group, is scheduled to begin operating by the end of this year.
Its products, including high-strength seismic-resistant steel and hot-rolled steel plates, will be mainly sold across southern and southwest China and exported to Southeast Asia, said Li Meiliang, who is in charge of the construction project.
So far, the company has built an iron ore wharf with a handling capacity of 200,000 tons and a railway line to transport imported iron ores directly from the wharf to the base.
With
the promotion of "China intelligent manufacturing" and "The Belt
and Road", the global fastener market will increase substantially in the
next few years, among which the Asia-pacific region will become the largest
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