Zhoushan will work together with the Ningbo, Hangzhou and Jinyi areas of China (Zhejiang) Pilot Free Trade Zone (FTZ) in order to promote the zone's high-quality development.
Three more areas will be included as part of the China (Zhejiang) Pilot Free Trade Zone (FTZ), according to a work plan released by the State Council on Sept 21.
Zhoushan in East China's Zhejiang province traded 651 ships worth 3.71 billion yuan ($545 million) in the first eight months of this year, a year-on-year increase of 31.41 percent.
Zhoushan Port in East China's Zhejiang province supplied 2.81 million metric tons of bonded oil in the first eight months of this year, a year-on-year increase of 13.4 percent.
Daishan, a county in Zhoushan, East China's Zhejiang province, was recently approved to establish its first export supervised warehouse and bonded warehouse for bunker fuel oil.
The Zhejiang Pilot Free Trade Zone (FTZ) located in Zhoushan has performed well when it comes to oil and gas storage, transportation, and processing as well as marine services since it began operations over the past three years.
China (Zhejiang) Pilot Free Trade Zone (FTZ) saw a rapid increase in both paid-in foreign investment and cargo throughput in the first seven months of this year.
A total of 105 companies had benefited from an import declaration reform in the China (Zhejiang) Pilot Free Trade Zone (FTZ) as of Aug 23.
The shipbuilding industry in Zhoushan, East China's Zhejiang province, has been promoting eco-friendly ship repair equipment in recent years.
Zhoushan, an island city in East China's Zhejiang province, has taken measures to improve the business environment for cross-border e-commerce.
Putuo Finance Town in Putuo district in the city of Zhoushan in East China's Zhejiang province had had major success in attracting investment funds of 2.08 billion yuan ($300.47 million) in the first seven months of this year.
Trial operations on the export pipeline of the Xin'ao Zhoushan liquefied natural gas (LNG) receiving station in Zhoushan, East China's Zhejiang province, began on Aug 6.
Shanghai-based Golden Harvest Shipping Service Co Ltd decided to launch operations in Zhejiang Pilot Free Trade Zone (FTZ), Zhoushan, an island city in East China's Zhejiang province, on Aug 8.
The cargo throughput of the terminal in the Zhoushan Port Comprehensive Bonded Area stood at 1.033 million metric tons as of July 18 this year, representing an increase of 112 percent year-on-year, local media reported.
Supplies such as oil, cables, and pumps, with a combined value of $400,000, were delivered to a Turkish bulk carrier by a crane at an anchorage near Xiazhimen Port in Zhoushan on July 17.
The Zhejiang provincial government recently published guidelines on opening up the oil and gas industry chain in the Zhejiang Pilot Free Trade Zone.
Zhoushan's imports and exports surged 55.3 percent year-on-year to 83.42 billion yuan ($12.09 billion) in the first half of this year.
Ningbo Zhoushan Port - the world's largest port by throughput volume for the past 11 years - handled 568.89 million metric tons of cargo in the first half of this year, up 2 percent year-on-year, according to statistics released by the Ministry of Transport.
