BEIJING, June 25 (Xinhua) -- A major logistics industrial park is planned for Sanhe City, north China's Hebei Province, the center of the Bohai Economic Rim, which is expected to become a new economic development zone.
Over 40 experts and scholars from the National Development and Reform Commission (NDRC) and several other ministerial departments attended a workshop on the plans on Tuesday in Beijing.
Lin Hua, a senior researcher with the economic institute under the NDRC, delivered a report on the plans for the China Yanjiao Logistics City, which will cover 10 kilometers and involve 80 billion yuan (1.3 billion U.S. dollars) in investment.
According to the researcher, the area will be built into an industrial development zone focusing on trade and logistics. It will also host an international supply chain and a trade hub for the Bohai Economic Rim.
In addition to logistics and trade, the China Yanjiao Logistics City will also be turned into a tourism and cultural development area, under the guiding principle of sustainable development.
A large number of economically-backward areas still surround Beijing and Tianjin municipalities. Unlike the economically-developed Yangtze River Delta and the Pearl River Delta, the development of the Bohai Economic Rim has been progressing quite slowly, though it has been discussed for a long time.
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