Qinzhou has been developing a seaward economy for some years. In 2020, Qinzhou's GDP valued 65.5 billion yuan ($10.29 billion), accounting for 37.9 percent of Guangxi's marine economic output.

A seaward economy is an economy that relies on port area connectivity and supporting facilities in port-based industrial parks seeking to develop industries based on ocean resources, such as marine heavy industries and deep-sea aquaculture.

The tanker COSDIGNITY LAKE berthed at the 300,000-tonne crude oil wharf at Qinzhou Port in South China's Guangxi Zhuang autonomous region on Dec 3 while carrying 138,700 metric tons of crude oil. It is the first tanker to berth at the terminal since the wharf finished renovations.

The berthing of COSDIGNITY LAKE is a testament to how well Qinzhou Port has adapted to the berthing and unloading needs of various types of oil tankers in the domestic market.

A massive ceremony for the commissioning of the Southern Industrial Base of China Great Recycle was held in the Qinzhou Port Area of China (Guangxi) Pilot Free Trade Zone (FTZ) on Dec 10. This base is a leading project in Qinzhou's new energy battery material industry with 5,000 mu (33.33 hectares) and 33 billion yuan.

The Guangxi government also replicated and promoted the institutional innovation results of Guangxi FTZ by strengthening organization and leadership and increasing implementation efforts to ensure those results.

The Qinzhou Port Area of China (Guangxi) Pilot Free Trade Zone. [Photo/WeChat account: gh_df8bc987e060]