YCH Group, one of Asia Pacific’s leading integrated end-to-end supply chain management and logistics partner signed a Memorandum of Understanding (MOU) with CPC Nantong Northern New Town Management Committee to develop a DistriPark within the Nantong Integrated Logistics Park to support urban development of logistics infrastructures in Nantong City.
As a key port and economic centre in the Jiangsu Province, Nantong City is a fast-growing coastal city strategically located along the Yangtze River Delta. According to a report published by Milken Institute in September 2016, Nantong City is one of the top ten Best-Performing 3rd tier cities in China, characterised by its rapid development and growth of wages, jobs, GDP & FDI in the city.
The new DistriPark will help to fill development gaps and intensified the growth of logistics infrastructure and capabilities, supporting the rapid urbanisation of Nantong City. The hub will also boost connectivity between the coastal and inland cities of China through the “One Belt, One Road” initiative, bringing further development prospects to China’s inland cities.