Logistics construction bustles in Nanning ahead of ASEAN trade

SINCE the establishment of the China-ASEAN Free Trade Agreement, many new logistics facilities in Nanning, capital of southwestern Guangxi Autonomous Region, has been under construction, said Xinhua.

In Jiangnan district, a new wholesale and logistics centre for agricultural produce involving a CNY1.5 billion (US$223.1 million) investment is being built. The facility occupies 46.7 hectares with a floor area of 600,000 square metres, and will be able to generate a trade volume of more than 1.7 million tonnes.

Another facility for industrial-use raw materials is also under construction. The project will cost CNY1.2 billion.

The report said Nanning aims to develop itself into a regional logistics hub for trade between China and ASEAN countries.
(Source:www.schednet.com)