The establishment of the Nansha Pilot Free Trade Zone has further promoted the economic development of Nansha and helped accelerate its port construction. Nansha Pilot Free Trade Zone in China, close to the city of Guangzhou, wants to become an international shipping and trade hub. The project is part of a larger plan by China that includes building more than 100 new ports across Asia as well as developing its own network of ports, rail lines and pipelines. Nansha will also feature designated wharves for grains, crude oil, vehicles and petrochemicals. The free trade zone has attracted 4,600 shipping and logistics firms and attracted more than $1bn in foreign investment last year.
Nansha Pilot Free Trade Zone in China, close to the city of Guangzhou, wants to become an international shipping and trade hub. The project is part of a larger plan by China that includes building more than 100 new ports across Asia as well as developing its own network of ports, rail lines and pipelines. Nansha will also feature designated wharves for grains, crude oil, vehicles and petrochemicals. The free trade zone has attracted 4,600 shipping and logistics firms and attracted more than $1bn in foreign investment last year.