Guangzhou, the capital of Guangzhou providence in Southern China, is to develop its Nansha district into an international shipping and logistics centre to help expand its economy, reports Hellenic Shipping News.
Chen Jianhua, Mayor of Guangzhou said: “We have an ancient port with a history of more than 1,000 years in Nansha, and this will come in handy for the development of the free trade zone.
“Nansha, in the southernmost part of the Pearl River, which also faces Hong Kong and Macao special administrative regions, also has advantages in terms of development of shipping services.
The Nansha free trade zone will use Shanghai’s business model, including a ‘negative list’ management on foreign investment.
Liu Jianghua, Former Deputy Director of the Guangzhou Academy of Social Sciences said that the move to build a shipping and logistics centre in Nansha will help attract increasing flows of passengers and business opportunities.
Liu concluded: “Without fast and efficient transport services, the free trade zone cannot become an international finance and trade centre.”
(Source: World Maritime News)