Qinzhou Port reaches 10 b in Q1

In the first quarter of 2022, the GDP of the Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone reached 10.16 billion yuan($1.55 billion), an expected increase of 18.7 percent.

On Jan 10, Qinzhou Port held a concentrated start-up activity for key projects in the first quarter of the year. There were 55 key projects, with a total investment of more than 39 billion yuan, covering new energy, electronic information, grain processing, modern logistics, equipment manufacturing, infrastructure, ecology environmental protection, and other industrial fields.

In the first quarter of this year, Qinzhou Port completed a port cargo throughput of 38.36 million metric tons and a container throughput of 1.08 million twenty-foot equivalent units (TEUs), a year-on-year increase of 14.3 percent, of which 168,000 TEUs involved foreign trade, a year-on-year increase of 15.1 percent.

In this period, the output value of industrial enterprises above designated size in the Qinzhou Port area of the Guangxi FTZ was 28.46 billion yuan, a year-on-year increase of 48.4 percent.

The Qinzhou Port area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]