The Guangxi Zhuang autonomous region, a key crossroads providing western China with full access to global markets, will help expand the Belt and Road Initiative and support China’s opening-up in the 14th Five-Year Plan (2021-25) period, said Lan Tianli, chairman of the region and a deputy to the National People’s Congress.
In the past, the shipment from Brazil was delivered to Shanghai. But the trip from Shanghai to Chongqing would take about three weeks to make its way up the Yangtze River, according to Chen Feng, general manager of the marketing center of COSCO Shipping Specialized Carriers Co, which handles logistics for paper pulp.
The land-sea corridor was launched in 2017 by China’s western regions and member states of the Association of Southeast Asian Nations.
“Guangxi borders ASEAN member nations on land and sea, and it has a unique advantage for opening-up by linking 11 countries and boosting exchanges,” Lan said. “In the 14th Five-Year Plan period, Guangxi will accelerate corridor development, with the goal of making it the channel with the shortest travel time, best service and cheapest price between China and ASEAN.”
Container throughput by gulf ports experienced soaring growth, increasing by 32 percent, the highest of all major coastal ports in China, to 5.05 million twenty-foot equivalent units, a standard size for shipping containers.
The Beibu Gulf, an international rail-sea portal, has led to deeper cooperation between two broad sets of trading areas — southwestern, northwestern and south-central China on one side and ASEAN member states and BRI countries on the other.
As an example, the China (Guangxi) Pilot Free Trade Zone, launched in 2019, has attracted about 19,000 companies from home and abroad, and its foreign trade reached 158 billion yuan ($24.2 billion) last year.
The zone plans to add more leading companies in high-end manufacturing, modern services and cross-border cooperation, the local government said.