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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.
Defined Region
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.
Economy
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.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.
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.
Transport
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.
Air
The economic area is serviced mainly through the airports in
Shanghai, Nanjing, Hangzhou and Ningbo. There are plans for Suzhou to have an
airport.
Railway
The Chinese government plans to 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.
Sea
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.
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