Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

companies

HOME > Company


Two firms from E China's Shanghai and Zhejiang to jointly develop port area in Zhejiang

February 20, 2019


Abstract : Two port groups from east China's Shanghai and Zhejiang Province inked a cooperation agreement in Shanghai on Tuesday in the presence of officials from the two places to jointly develop the Xiaoyangshan port area in Zhejiang.

timg

BEIJING, Feb. 20 (Xinhua) -- Two port groups from east China's Shanghai and Zhejiang Province inked a cooperation agreement in Shanghai on Tuesday in the presence of officials from the two places to jointly develop the Xiaoyangshan port in Zhejiang, a key part of the Shanghai Pilot Free Trade Zone and the Shanghai International Shipping Center.

The two firms are respectively Shanghai International Port (Group) Co., Ltd. (SIPG, 600018.SH), China's largest joint-stock port operator by equity throughput, and Zhejiang Provincial Seaport Investment & Operation Group (Zhejiang Seaport), a large state-owned enterprise engaging in seaport-related investment and operation in Zhejiang.

According to the agreement, Zhejiang Seaport will inject funds into Shanghai Shengdong International Container Terminal Co., Ltd., a wholly-owned subsidiary of SIPG, to make the subsidiary a major constructer and operator of a container terminal in Xiaoyangshan.

The cooperation will help foster the high-quality and integrated development of the Yangtze River Delta region. (Edited by Gu Shanshan)


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial