Qinzhou Port Economic and Technological Development Zone | investinchina.chinadaily.com.cn

Qinzhou Port Economic and Technological Development Zone

chinadaily.com.cn Updated: 2019-07-09

Qinzhou Port Economic and Technological Development Zone was founded in June 1996 and upgraded to a national-level economic and development zone with approval of the State Council in November 2010.

Located at the top of the Beibu Gulf, the zone serves as a pioneering area for promoting China's trade links with Southeast Asian countries. On the south coast of Qinzhou city in the Guangxi Zhuang autonomous region, the zone, covering 152 square kilometers, consists of the petrochemical industrial park, the integrated logistics processing park, the administrative business center and the port areas.

Under China's Belt and Road Initiative, the zone aims to become a land and sea hub boasting industries such as equipment manufacturing, energy, grain and oil, papermaking, modern logistics and export processing. It also strives to build two pillar industries, namely petrochemical engineering and equipment manufacturing, with the output value of each exceeding more than 100 billion ($14.86 billion).

In 2017, the gross industrial output value of the zone reached 22.16 billion yuan, up 12 percent year-on-year. The total retail sales of consumer goods recorded 1.86 billion yuan, up 10 percent year-on-year. The above-scale industrial output value achieved 63.17 billion yuan, up 36.3 percent year-on-year. The fixed-asset investment reached 11 billion yuan, up 4.3 percent year-on-year.

The cargo-handling capacity of the Qinzhou port hit 833.8 million tons, an annual increase of 19.9 percent, including 1.77 million twenty-foot equivalent units. Import and export reached 14 billion yuan, up 42.3 percent year-on-year.