Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
TIANJIN, June 12 (Xinhua) — The added value of China’s seaport cities in the port economy will reach 6.7 trillion yuan (about 933 billion U.S. dollars) in 2024, up 360.6 billion yuan from 2023, according to a report released at the 3rd Tianjin International Shipping Expo that opened here on Thursday.
The report, compiled by the Planning and Research Institute under the Ministry of Transport of China, provides a comprehensive assessment of the development level of port economies in 59 Chinese seaport cities.
According to the report, the port economy refers to the set of economic activities that operate in port cities and are based on ports. The port economy accounts for 13.6 percent of the total economy of 59 Chinese port cities.
The seaport cities located in the Yangtze River Delta account for 44.9 percent of the added value in the national port economy, demonstrating the region’s leading role in the national port economy.
According to the authors of the report, ports have played a key role in the development of the secondary sector of the economy of coastal cities. Rapid growth rates have been observed in emerging industries of strategic importance, such as the production of computers, communications equipment and electronic equipment. Ports are increasingly supporting the industrial modernization of the country’s interior.
“We strongly believe that the port economy still has great development potential. China’s port economy will become a powerful engine for the implementation of a new development paradigm,” said Liu Zhanshan, deputy director of the institute. -0-