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Viewing report
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Shanghai Yangshan Free Trade Port Area
China Knowledge Press, June 2011, Pages: 25
Shanghai Yangshan Free Trade Port Area (Shanghai Yangshan FTPA) rated “BBB” by China Knowledge. Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
The industrial park approved by the State Council as a state-level development zone in 2005. It was the first free-port zone in China to enjoy the favorable policies of free-trade zones, export-processing zones and bonded logistics parks. Yangshan Deep-water Port, situated on Yangshan Island at the mouth of Hangzhou Bay, is the nearest deep-water port to Shanghai. Yangshan Deep-water Port now has 16 berths with an annual container throughput of 9.3 million TEUs each, making it an important part of Shanghai Port, which was the largest port in China in terms of container traffic in 2008.
Yangshan FTPA, cooperatively constructed by the Shanghai and Zhejiang governments, consists of Xiaoyangshan Port Operation Area, Luchao Port Supporting Area and the Donghai Bridge. The Xiaoyangshan Port Area and the deep-water dock operation area are located in Shengsi County, Zhejiang Province, while the Luchao Port Supporting Area is in Nanhui, Shanghai, at the intersection of the Yangtze River and the Qiantang River. In 2008, the foreign trade value of Yangshan FTPA reached US$863 million.
In the first six months of 2010, the foreign trade value reached US$ 1.77 billion. Yangshan FTPA encourages investment in the logistics and warehousing industries. There are 14 foreign-funded enterprises in the area, including Denmark-based logistics giant Maersk and U.S.-based ProLogis. The total FDI from the 14 foreign firms added up to US$150 million by the end of 2007. In 2006, the leading Singaporean logistics and supply chain management firm, YCH, agreed to build YCH Distribution Park in Yangshan FTPZ. Total investment in the project is expected to surpass RMB 100 million.
In the first six months of 2010, the contracted FDI reached US$17.6 million.
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