Ningbo, China, a port city south of Shanghai that was one of the first in the country to open its doors to world trade in the late 20th century, plays a vital role in connecting the Yangtze River Delta to the global economy. The Ningbo metropolitan area has a population of about 3.5 million.
Ningbo’s transportation network includes the 22-mile-long Hangzhou Bay Bridge, the world’s longest trans-oceanic bridge, whose completion in 2007 cut travel distance from Shanghai by more than 70 miles and travel time from four to two-and-a-half hours. Important industries in Ningbo include textiles, industrial tools and aluminum.Trade drives demand for logistics and distribution services in Ningbo. The massive Port of Ningbo-Zhoushan is the fifth-busiest cargo port in the world, handling nearly 20 million TEUs annually. A center of import and export for liquefied chemical products, the port’s high volume of trade supports a dense network of industrial properties and warehouses.
Prologis operates industrial warehouse properties in the Ningbo region.