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Guangdong's new coastal star

By Zheng Caixiong (China Daily) Updated: 2014-12-02

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A huge wind farm in Xuwen, Zhanjiang, represents the city's new orientation in developing environmental-friendly industries.

Zhanjiang set to further drive growth in the bustling province

Construction on the Zhanjiang Economic and Technological Development Zone is making good headway, with its major projects in steel, petrochemicals and papermaking on schedule, said local authorities.

Expected to become a new economic engine for Guangdong, the zone is playing a big part in accelerating the economic development in western part of the province.

According to its development plan, the zone is expected have annual industrial production worth more than 300 billion yuan ($48.78 billion) in five years and more than 500 billion yuan in a decade, entering into the top 10 development zones on the Chinese mainland.

The zone is home to a mega iron and steel plant and a petrochemical project on Donghai Island, the fifth largest island in the country and the biggest in Guangdong.

Construction on the iron and steel project by Baosteel Group is planned for completion in September 2015. It will have an annual production capacity of 10 million tons of steel.

More than 17.49 billion yuan has been invested to date in the project, 11.6 billion yuan of it this year.

The zone's Sino-Kuwaiti petrochemical facility will be able to refine 15 million tons crude oil and produce more than 1 million tons of ethylene a year when operations begin by the end of 2016. Some 2.77 billion yuan has been invested to day, 2 billion yuan of it in 2014.

Steel, petrochemicals and papermaking will become pillar industries in Zhanjiang, playing a big part in the city's economy in the coming years, local authorities said.

To support the industries, the city government has plans for 50 sq km in petrochemical projects, a 30-sq-km industrial park for the iron and steel industry and another 20 sq km for papermaking.

Construction on a new airport will begin in 2015 and will be completed in 2017 to help further improve the city's infrastructure and investment environment, local authorities said.

Liu Xiaohua, Party chief of Zhanjiang, urged the government to speed up construction of the zone in the following months.

Liu and Zhanjiang mayor Wang Zhongbing recently visited the zone and promised to continue to introduce even more incentives to support development and help attract foreign investment.

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