Zhejiang Said to Plan Firm to Run Five Major Ports

(Shanghai) – The government of Zhejiang recently set up a company to run five major ports in the eastern province in a bid to make them more efficient, a person with knowledge of the matter says.

The government established the Zhejiang Port Investment and Management Group Co., Ltd. on August 21 to run seaports in Ningbo, Zhoushan, Jiaxing, Taizhou and Wenzhou, the source said.