Ningxia's Wuzhong city to build US$1.36 billion on logistics centre

WUZHONG, a city in northwest China hinterland's Ningxia Autonomous Region, plans to build a CNY8.9 billion (US$1.36 billion) a trade and logistics centre, Xinhua reports.


Construction is scheduled to be finished by the end of 2013. It is able to achieve a transaction value of CNY10 million and generate tax revenue of CNY750 million for the government.


The centre will be divided into 13 functional areas for trade and logistics services for different cargo including metal materials, furniture, construction materials and meat, offering distribution, warehousing, processing, exhibition, trade and financial services.
(Source:http://www.schednet.com)