Pearl River’s Unbelievable Economic Boom in 2023

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  • Pearl River’s waterborne transport, a key driver of South China’s economy, saw significant growth in 2023.
  • Record freight volume, port throughput, and passenger trips indicate the river’s pivotal role in economic development.

Pearl River’s Economic Resurgence

A senior official in Guangzhou highlights the Pearl River’s crucial role in supporting economic construction, revealing an overall recovery and growth trend in waterborne transport.

Record-Breaking Freight Volume

Wang Canqiang reports a record-breaking 7.9% year-on-year increase, projecting Pearl River’s freight volume to surpass 1.5 billion metric tons in 2023, emphasizing its prominence in South China’s economic landscape.

Port Throughput and Foreign Trade Surge

Port throughput, including estuaries and tributaries, is expected to grow by 7.3%, reaching 1.95 billion tons. Foreign trade commodities and container throughput witness notable increases, contributing to the region’s economic vibrancy.

Foshan and Guigang: Inland Ports Driving Growth

Inland ports like Foshan and Guigang play pivotal roles, with Foshan’s cargo throughput surpassing 100 million tons. These ports connect the Pearl River Delta to Hong Kong and Macao, becoming essential for industrial and foreign trade development.

Significant Infrastructure Investment

Over 27.5 billion yuan is invested in waterway transport infrastructure along the Pearl River in 2023, double the previous year’s investment. The focus on construction projects aims to optimize industrial layouts and support major strategies, including the Greater Bay Area initiative.

Environmentally Friendly Initiatives

Plans to speed up the construction of “green model channels” demonstrate a commitment to environmental sustainability. Wang Canqiang emphasizes the introduction of high-tech and AI breakthroughs to protect the ecology of the Pearl River in the new year.

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Source: China Daily

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