BEIJING — Zhejiang province, an economic powerhouse located on the southeastern coast of China, is set to build a "bulk commodity resource allocation hub" within its free trade zone, according to a plan released by the Ministry of Commerce and the provincial government.
The hub will be built primarily in Zhoushan, an archipelago city known for its maritime industries, and the neighboring city of Ningbo will also be involved. The Ningbo-Zhoushan Port is the world's busiest port by cargo throughput.
