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Zhoushan boasts booming maritime economy

Updated : 2021-10-26 (chinadaily.com.cn)

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An international cargo ship docks at Zhoushan Port. [Photo/WeChat account: china-zjftz]

Zhoushan, an island city in East China's Zhejiang province, boasts a prosperous maritime economy.

Statistics from the Zhejiang statistics bureau show that the added value of the maritime economy in the city accounted for 66.5 percent of its total GDP.

The cargo throughput of Zhoushan Port rose 2.9 percent year-on-year in the first nine months of the year to 447 million metric tons, including 1.35 million twenty-feet equivalent units.

In the first three quarters of the year, the output of the maritime service in the city reached 28.4 billion yuan ($4.45 billion), exceeding the total output in 2020.

In response to the transformation of Zhejiang into a province with a strong maritime economy, Zhoushan has designed a five-year action plan that would guide it toward becoming a main contributor to the province's target.

The city will develop a maritime economy featuring local characteristics in an eco-friendly way by improving the strength of its maritime economy, optimizing the maritime industrial system, and enhancing its innovation ability.

Zhoushan will construct a national bulk commodity storage and transportation base and upgrade the functions of the oil product trading center, the maritime service base, the oil product storage and transportation base, and the international petrochemical base.

It will also be among the first group of cities in China to reconstruct its maritime governance system with the help of digital reform.