Yangtze River Delta Economic Zone
|Yangtze River Delta Economic Zone|
Yangtze River Delta Economic Zone or Yangtze River Delta Economic Region (Chinese: 长江三角洲经济区) is an economic region in China that encompasses Shanghai municipality, Zhejiang and Jiangsu province.1 The region accounts for 20 percent of China's Gross Domestic Product and is responsible for one third of its imports and exports.
The Yangtze River Delta (YRD) economic zone refers to 16 cities in Shanghai, southern Jiangsu, eastern and northern Zhejiang.
They are Shanghai, Nanjing, Suzhou, Wuxi, Changzhou, Yangzhou, Zhenjiang, Nantong, Taizhou, Hangzhou, Ningbo, Huzhou, Jiaxing, Shaoxing, Zhoushan and Taizhou.2
The Yangtze River Delta Economic Zone is dominated by Shanghai which is mainland China's financial center, as well as by other important economic hubs like the cities of Nanjing, Suzhou, Hangzhou, Ningbo and Xuzhou.3 The vast interior of the Yangtze River Delta is heavily industrialized with advanced transport infrastructure such as highways, expressways, airports and ports.4
The region already accounts for 4.66 trillion yuan (682.21 billion U.S. dollars) in 2007, up 15.2 percent year on year. Its forecasted GDP in the delta would hit 15.95 trillion yuan by 2020, based on the annual growth rate of 11 percent. .5
Shanghai predominates in the finance, banking, property, automobiles and logistics industries. Suzhou is a strong manufacturing base for foreign companies. Nanjing is a hub for the automobile industry, electronics, education, energy, iron and steel industries. Ningbo is a growing economic port which provides import and export routes for neighboring provincial cities.
The transport infrastructure in the YRD Economic Zone is highly developed. The region served as the vast industrial and economic hinterland for Ningbo and Shanghai which is the biggest seaport on mainland China. 2
The economic area is serviced mainly through the airports in Shanghai, Nanjing, Hangzhou and Ningbo. There are plans for Suzhou to have an airport.
The Chinese government plans to build build five major railways in the Yangtze River Delta economic zone. This includes three inter-city railways, namely, Shanghai-Nanjing railway, Nanjing-Hangzhou railway and Shanghai-Hangzhou railway. The other two railways are the Shanghai-Nantong Railway, and the Ningbo-Taizhou-Wenzhou railway.5
The waterways in the YRD are the most important in eastern China. Two of the busiest ports in China are located in this region. They are the Port of Shanghai and Port of Ningbo. The Port of Shanghai is the world's busiest port in 2007, handling over 492.3 million tons of container freight. The Port of Ningbo is the fourth busiest with 473.4 million tons of container freight handled in 2007. The main ports that operate in the Yangzte River Economic Zone include the Port of Shanghai, Port of Ningbo and Port of Nanjing.
- Yangtze River Delta
- Pearl River Delta Economic Zone
- Bohai Economic Rim
- Northeast China Revitalization
- China Western Development
- Rise of Central China Plan
- Economy of China