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Harboring no doubts
By Bao Wanxian (China Daily)
Updated: 2008-09-01 17:38 The Dongjiang Bonded Harbor Area is the second of its kind in China. But compared with the Shanghai-based Yangshan Bonded Harbor Area that opened in late 2005, Dongjiang is aiming higher. Dongjiang is expected to turnover 450 million tons of goods and 15 million standard containers within five years. "And it will help carry out and test operational modes for an international hub port, free port and free trade area," Liu Binglian, professor of Modern Logistics Researching Institute of Tianjin Nankai University, says. "The free trade area will mean at least a 20 percent growth in the region's gross domestic product," the professor explains. He takes the Yangshan Bonded Harbor Area as an example. Yangshan port has already helped Shanghai grow into an international shipping hub and given a boost to businesses in the Yangtze River Delta. As such, Dongjiang is facing huge pressure and challenges right now, Liu says. Yu adds. "It should not only be a starting point, but should also keep on increasing its influence as a driving force for the Binhai New Area's further development. (For more biz stories, please visit Industries)
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