FILE PHOTO: A Chinese national flag flutters near the building of China Securities Regulatory Commission at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang
The directives call for looking at building above-ground and underground facilities to stockpile oil, gas and chemicals in FTZs that encompass 120 square km , including in parts of provincial cities Ningbo, Hangzhou and Jinyi. This would expand a plan to build Zhejiang’s Zhoushan port, made up of many islands, into a marine fuel hub to challenge Singapore, the world’s largest supplier of ship bunkers.
Zhejiang FTZ should also plan to build bonded storage and transfer centres for imported grains that can provide special quarantine approval and customs clearance on shipments, starting with soybean imports, the document said.
Another bandaid solution that will never be executed.
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