Chinese city set to become major shipping hubJuly 25th, 2012 - 10:38 pm ICT by IANS
Beijing, July 25 (IANS) China plans to turn its coastal city of Xiamen facing the Taiwan Strait into a major shipping hub.
Part of the plan is to build a 100,000-tonne luxury cruise liner, a shipping terminal and a business centre, the Global Times reported Wednesday.
The Southeast China International Shipping Centre project will cost nearly 17 billion yuan (about $2.6 billion), Xiamen deputy mayor Kang Tao said.
The move is expected to spur economic growth.
Xiamen, known for its export-oriented factories, has become one of the country’s top leisure and relaxation destinations in recent years.
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Tags: beijing, business centre, china international, chinese city, coastal city, deputy mayor, economic growth, factories, global times, international shipping centre, luxury cruise liner, relaxation, shipping hub, southeast china, taiwan strait, tao, xiamen, yuan