Nansha New Area launched

China has mapped out a new State-level development zone in South China's Guangdong province, the Shanghai Securities News reported on Sept 12.

As the country's sixth State-level New Area, the Nansha New Area is expected to get national support from a series of preferential policies and innovation reforms on tax policy, land management, financial innovation and industrial development.

The other zones are in Shanghai, Tianjin, Chongqing, and in Zhejiang and Gansu provinces.

Nansha will have two commissions, which will lead the economic transformation and development of the Pearl River Delta and create a platform for cooperation with Hong Kong and Macao. The Nansha New Area will also explore ways for economic reform.

Nansha has a total area of 803 square kilometers, with a land area of 570 sq km, and water area of 233 sq km.

The new area's geographical advantages are obvious. It's in the middle of the Pearl River Delta, 38 nautical miles, or 70 kilometers, away from Hong Kong and 41 nautical miles away from Macao. Within a range of 70 kilometers around it, there are five large international airports in Guangzhou, Shenzhen, Zhuhai, Hong Kong and Macao.

The Nansha district is also the only coastal region of Guangzhou and has a deepwater port.

Nansha is expected to have advanced manufacturing industry and to develop high-end financial industry.

Its five key development areas are: shipping logistics services, high-end business services, technology intelligence, high-end equipment and technology, and healthcare and leisure industry.