The coastal city of Yantai was included ina2022 national list of logistics hub construction, and is the only city in Shandong province on the list, according to a notice released by the National Development and Reform Commission on Nov 18.
A total of 25 cities across the country were includedinthe list, all of which feature strong hub coordination abilities, prominent multimodal transport functions, and closer industrial linkage. The cities plan toleverage their advantages in resource agglomeration and radiation ability to boost the integrated development of local industries and logistics, andfoster new drivers of economic development.
According to the construction plan, the Yantai National Logistics Hub will be built by Yantai Port, and the port will make full use of its advantages in port construction, and advance the coordinated development of Yantai’s key logistics enterprisesto promote the integrated development of the port, local industries and the city.
Yantai boasts superior advantages asa logistics hub. It enjoys advantageous a geographical position, which lies along the YellowRiverand the Bohai Sea, and sits across the sea fromJapan and South Korea. The city is regarded as an important bridgehead of the Belt and Road Initiative, and a gateway port city for boosting theecological conservation and high-quality development in the Yellow River Basin.
Yantai had more than 3,000 logistics enterprises in 2021, and 77 of which have been honored asnational A-class logistics enterprises. Yantai Port Group, a subsidiary of Shandong Port Group, hastotal assets of more than 40 billion yuan ($5.6 billion), and undertakes 87 percent of the port cargo throughput inYantai.
According to the city’s development plan, the Yantai National Logistics Hub is intended tobe built into an international logistics hub center facing Northeast Asia, a land-seaintermodaltransporthub in the Yellow River Basin, and a ro-ro transportation center and commercial vehicle transfer base in NortheastAsia.
