Nantong - A Rising
City on the Yangtze River Nantong, in Jiangsu province, is
surrounded by water on three sides. It lies on the northern bank of the
Yangtze River estuary, opposite the metropolis of Shanghai.
With an administrative area covering 8,001 sq. km. and a population of
7.8 million of whom 600,000 are in the urban areas, Nantong is an
important economic centre of the Yangtze basin, a key communications hub
linking the south and north of Jiangsu province and a modern industrial
and trading city. It was one of the first port cities in China to be
opened up (1984).
A Unique Geographical Location
Nantong’s jurisdiction
includes 230 km. of the Yangtze River and 206 km. of the Yellow Sea
coastline. Over 30 km. of the riverbank and about 100 km. of the seacoast
are suitable for the development of 10,000 tonnage deepwater berthing
facilities.
The existing Port of Nantong, one of China’s ten largest ports, is
ranked among the very best open ports between itself and the mouth of the
Yangtze River – some 196 km. distant. It comprises 24 wharves, including
container wharves, with capacity up to 10,000 tons and upwards of 175
overseas ports, in 65 countries, as well as 12 international container
lines. The harbour area is the largest base in the lower reaches of the
Yangtze River for transshipment of oil products and liquid chemicals.
Implementation of the national policy - the “Yangtze Strategy” - with
Nantong Port as an important component part of the Shanghai international
maritime centre, offers the city an unprecedented opportunity to develop
its economy. These prospects are further enhanced by the dredging of the
Yangtze River deep waterway, the completion of the Northern Jiangsu
Railway and the Yangtze River tunnel as well as plans for the opening of
the airport for international flights.
Industry
Textiles and garments are the dominant industrial
sectors in Nantong. The textiles industry embraces cotton, wool, linen,
silk and chemical fibres and covers the whole process from spinning and
weaving to printing and dyeing. There is a great variety of cotton
weaving, wool weaving, knitting and textile machinery and 1,000,000
spindles. Nantong’s annual output of garments excesses 100 million pieces.
Foreign investment is actively encouraged in the following areas:
-
High counts and high-density cotton or fabrics
- Decorative fabrics and
technical textiles
- Wool-like and silk-like products
- T/N super
micro conjugate-spun fiber and finished fabrics
- Functional and
differential synthetic fiber
- Advanced textile machinery, accessories
and components
Foreign investors in Nantong include Marubeni, IGI, Bayer and Hoechst.
Some 3,000 foreign-invested projects have been approved and some of them
are among the top profit-earners in Jiangsu province – one of China’s
wealthiest provinces. Total foreign investment to date in Nantong exceeds
US$4 billion. Overall, profits earned by non-State sector firms in Nantong
have been increasing in recent years by more than 50% a year.