Skip to main content

Across China: China’s border city embraces opportunities in marine economy

Abstract : Without a seaport, Hunchun, a border city in northeast China's Jilin Province, is aiming to build itself into a marine economy hub.

CHANGCHUN, July 29 (Xinhua) — Without a seaport, Hunchun, a border city in northeast China’s Jilin Province, is aiming to build itself into a marine economy hub.

“Though we do not have a seaport, we have a lot of advantages in terms of location and other fields,” said Piao Yifeng, director of the city’s shipping administration bureau.

Located at the junction of China, Russia and the Democratic People’s Republic of Korea, the city is 71 km away from the Russian port Zarubino.

Wang Jindong, who has been engaged in seafood trade for nearly 20 years, has seized the business opportunities in the city. In 2016, two land ports in Hunchun were approved as designated ports for seafood import. The opening of a freight route linking the city with Russia’s Kamchatka Peninsula and the Zarubino Port also helped cut the cost of seafood transportation.

“Before the opening of the route, Russian king crabs had to be transferred to China via the Republic of Korea and Japan, which was costly and affected their quality,” said Wang. “Now the king crabs caught in the deep sea of Russia can be transported to Hunchun the next day.”

Having first imported king crabs via the route in 2017, Wang can now import up to 50 tonnes of the seafood each day. He is expanding his trade business in Thailand and other Southeast Asian countries.

In September 2018, a freight route opened linking the city with the Ningbo-Zhoushan Port in east China, one of the world’s top container ports, and the Zarubino Port. Another route was launched linking Hunchun, the port of Qingdao in east China, and the Zarubino Port in May this year. Now 29 voyages have been made along the routes via the city, with over 700 million yuan (about 100 million U.S. dollars) worth of cargo.

“The opening of the routes not only solved the transportation problems of corn, timber and other goods in the province, but promoted trade and economic cooperation in Northeast Asia,” said Piao.

At the end of April, the National Development and Reform Commission and the Ministry of Natural Resources issued a guideline on the construction of the marine economy demonstration zone in the city, requiring the zone to promote the development of marine industries. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Across China: China’s border city embraces opportunities in marine economy

Labels:

Comments

Post a Comment

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...
Post a Comment
Read more

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...
Post a Comment
Read more