1 Yangtze River Infrastructure Development Jon Monroe Consulting .

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Yangtze River Infrastructure Yangtze River Infrastructure DevelopmentDevelopment

Jon Monroe ConsultingJon Monroe Consulting

www.yangtzeriverports.com

Jon Monroe ConsultingJon Monroe Consulting 22

Yangtze River OverviewYangtze River Overview

An Emerging Economic CorridorAn Emerging Economic Corridor



We believe a river system is more than the sum of it’s ports.

YR as Regional SectionsYR as Regional Sections

YR Sections

Upper Reaches Gateway to Western China 7.3% of river

Middle Reaches Distribution to all China 14.7% of river

Lower Reaches Shuttle to Yangshan 78.0% of river

Delta and Coastal Gateway to Int’l Markets 32.0% of China



Yangtze RiverYangtze River

Upper ReachesYibin to Yichang 850 Kilometers

Middle ReachesYichang to Nanjing: 1550 Kilometers

Lower ReachesNanjing to Shanghai: 402 km

YR as a Single EntityYR as a Single Entity

Five Year Planning MechanismsFive Year Planning Mechanisms Port InfrastructurePort Infrastructure Road/Rail/Bridge InfrastructureRoad/Rail/Bridge Infrastructure Hinterland DevelopmentHinterland Development Provincial and City PlansProvincial and City Plans Urbanization PlanningUrbanization Planning


SichuanPop: 84.3 Mil

GDP:1.05 trillion RMBCity: Chengdu

Port: Luzhou, Yibin

ChongqingPop: 30.9 mil

GDP: 411 billion RMBCity: MunicipalityPort: Chongqing

JiangxiPop: 43.4 mil

GDP:547 billion RMBCity: Nanchang

Port:Jiujiang

HunanPop: 63.42 mil

GDP: 914.5 billion RMBCity: ChangshaPort:Yueyang

JiangsuPop: 71.1 mil

GDP: 2.56 trillion RMBCity: Nanjing

Port: Nanjing, Lianyungang

ZhejiangPop: 43.43 mil

GDP:1.86 trillion RMBCity: Hangzhou

Port: Ningbo

ShanghaiPop: 17 mil

GDP: 1.2 trillion RMBCity: Municipality

Port: Shanghai

AnhuiPop: 60.7 mil

GDP: 735 billion RMBCity: Hefei

Port: Tongling, Ma’anshan

HubeiPop: 58.25 mil

GDP: 915 billion RMBCity: Wuhan

Port: Wuhan, Yichang

Yangtze River Basin• Seven Provinces: 424.6 mil• Two Municipalities: 48.0 mil

Strategic Yangtze River CitiesStrategic Yangtze River Cities

Region Primary Secondary

Upper Chongqing, Chengdu Luzhou, Yibin

Middle Wuhan Yichang, Jiujiang, Wuhu

Lower Suzhou, Nanjing Nantong

Yangtze River Delta Shanghai, Ningbo Lianyungang, Suzhou, Hangzhou, Nanjing


Note: Though the lower reaches runs through the Yangtze River Delta, eachis covered separately. The dynamic of the coastal ports is distinct from the

activity of the river ports in the lower reaches

Key YR Economic RegionsKey YR Economic Regions

Economic Region Location Coverage Comments

Shanghai Metro Circle Yangtze River Delta

Shanghai, Jiangsu, Zhejiang

Covers all YRD

SuXiChang Metro Circle Lower Reaches

Jiangsu Suzhou-Wuxi

Nanjing Metro Circle Lower Reaches

Jiangsu, Anhui Extends YRD to Anhui

Wuhan Metro Circle Middle Reaches

Hubei and beyond

Primary Economic Corridor MR

Chengdu – Chongqing Upper Reaches

Chongqing-Sichuan

Primary Economic Corridor UR

Xuzhou Metro Circle N. Jiangsu Jiangsu, Anhui, Henan, Shandong

Developing Economic Corridor

Hangzhou Metro Circle Zhejiang Zhejiang



Yangtze RiverYangtze River

Upper ReachesYibin to Yichang 850 Kilometers

Middle ReachesYichang to Nanjing: 1550 Kilometers

Lower ReachesNanjing to Shanghai: 402 km

Top 10 Yangtze River PortsTop 10 Yangtze River PortsRk Port 2008 2009 % 2010

1 Suzhou Ports 2,448,809 2,723,913 11.2 3,644,000 33.8%

Taicang 1,450,495 1,513,161 4.3 2,211,500 46.1%

Zhangjiagang 814,220 870,312 6.9 1,088,810 25.1%

Changshu 305,300 340,440 11.5 343,690 1.5%

2 Nanjing 1,280,265 1,200,326 -6.2 1,415,610 17.9%

3 Jiangyin 502,200 699,733 39.3 1,001,000 43.0%

4 Wuhan 473,797 563,700 19.0 648,800 15.1%

5 Chongqing 482,893 465,400 -3.6 500,070 7.4%

6 Nantong 443,300 350,600 -20.9 462,000 31.8%

7 Zhenjiang 292,400 280,700 -4.0 257,740 -11.9%

8 Yangzhou 267,968 220,943 -17.6 287,350 30.0%

9 Wuhu 164,106 99,525 -39.4 142,630 43.3%

10 Jiujiang 80,927 100,666 24.4 120,570 19.8%

Others 423,899 493,553 16.4 697,332 41.3%

Total 6,981,610 7,199,059 3.1 9,177,102 27.4%Jon Monroe ConsultingJon Monroe Consulting

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Yangtze River 12Yangtze River 12thth 5 Year Plan Summary 5 Year Plan Summary

Gov’t will spend rmb 36bil/US$ 5.6bil on Yangtze Gov’t will spend rmb 36bil/US$ 5.6bil on Yangtze River under 12River under 12thth 5 Year Plan (vs rmb 13.2 bill in 11 5 Year Plan (vs rmb 13.2 bill in 11thth plan)plan)

Devlopment of YR Port ClustersDevlopment of YR Port Clusters Shift to Regional CooperationShift to Regional Cooperation More investment in Hydroelectric power on riverMore investment in Hydroelectric power on river Continue Dredging and standardization of container Continue Dredging and standardization of container

vesselsvessels Expand Hinterlands, especially railExpand Hinterlands, especially rail


YR Container Port ProjectionsYR Container Port Projections

2008 TEU 2009 TEU % 2020 TEU CAGR

Upper Reaches 549,130 526,081 -4.2% 5,430,000 23.64%

Middle Reaches 973,924 1,059,988 8.84% 9,300,000 21.83%

Lower Reaches 5,458,556 5,612,920 2.83% 40,360,000 19.64%

YR Sub Total 6,981,610 7,198,989 3.10% 55,090,000 20.48%

Coastal Ports 42,470,000 39,240,000 -7.6% 88,900,000 7.72%

Total 49,451,610 46,438,989 -6.1% 143,990,000 10.84%


By 2020, YR & Delta design capacity will be greater than all of China throughput in 2009

2020 projections based upon current port plans for new construction & expansion

Upper ReachesUpper Reaches

““Go West”Go West”



Upper Reaches Fact SheetUpper Reaches Fact Sheet

Includes the area from Yibin to YichangIncludes the area from Yibin to Yichang Chongqing can be reached by vessels of 1500 DWT Chongqing can be reached by vessels of 1500 DWT Expect the draft to increase to allow 2500 DWT Expect the draft to increase to allow 2500 DWT

vessels to reach Chongqing vessels to reach Chongqing Most cities on a hill due to rising waters of RiverMost cities on a hill due to rising waters of River Major market in the Chongqing-Chengdu corridor Major market in the Chongqing-Chengdu corridor

reaching more than 100 million peoplereaching more than 100 million people Transit to Shanghai by barge is 7-9 daysTransit to Shanghai by barge is 7-9 days Increased investment in 12Increased investment in 12thth 5 Year Plan 5 Year Plan


Yangtze River: Upper ReachesYangtze River: Upper Reaches

850 Kilometers

Luzhou to Yichang

Upper Reaches CitiesUpper Reaches Cities


Chongqing

Chengdu

Yibin 3 Gorges Dam Yichang

260km

263km 650km

177km

123km Luzhou

299km

Upper Reaches: Key River PortsUpper Reaches: Key River Ports

Port 2008 Ton 2009 Ton % 2008 TEU 2009 TEU %

Yibin 7.72 mil 8.52 mil 10.4% N/A N/A N/A

Luzhou 11.21 mil 11.64 mil 3.8% 66,237 60,681 -8.4%

Chongqing 14.71 mil 13.0 mil -11.6% 434,797 416,400 -4.2%

Fuling 2.41 mil 5.5 mil 128% 30,086 28,000 -7%

Wanzhou 8.22 mil 8.78 mil 6.9% 18,010 21,000 16.6%

Total 44.27 mil 44.33 mil 7.2% 549,130 526,081 -4.2%


Source: Respective Port Authorities


Upper Reaches: Infrastructure Upper Reaches: Infrastructure ChallengesChallenges

Source: Jon Monroe Consulting



6 to 8 moves per hour vs 32+

SIPG Chongqing Chayuan TerminalSIPG Chongqing Chayuan Terminal



Upper Reaches ProjectionsUpper Reaches Projections Companies are relocating westward to the upper reaches of the Companies are relocating westward to the upper reaches of the

Yangtze River; Examples: Foxconn, Hewlett Packard, Apple Computer, Yangtze River; Examples: Foxconn, Hewlett Packard, Apple Computer, Amazon, APL and MaerskAmazon, APL and Maersk

Upper reaches container traffic is expected to grow ten times 2009 Upper reaches container traffic is expected to grow ten times 2009 throughput by 2020throughput by 2020

Three port groups driving this growth; Sichuan Port Group, Three port groups driving this growth; Sichuan Port Group, Chongqing Port Group and Shanghai International Port GroupChongqing Port Group and Shanghai International Port Group

Financial crisis will expedite this movement as companies focus on Financial crisis will expedite this movement as companies focus on costcost

Most upper reaches container movement is direct to Shanghai via Most upper reaches container movement is direct to Shanghai via either Waogaoqiao or Yangshan Ports either Waogaoqiao or Yangshan Ports

Upper reaches infrastructure is being rapidly constructed to support Upper reaches infrastructure is being rapidly constructed to support port; rail intermodal movement might not be for some timeport; rail intermodal movement might not be for some time

Chongqing Government will subsidize logistics companies who move Chongqing Government will subsidize logistics companies who move into one of the development zonesinto one of the development zones


Middle ReachesMiddle Reaches

““Booming Central China”Booming Central China”



Middle Reaches Fact SheetMiddle Reaches Fact Sheet

Middle Reaches cover 1,550 km from Yichang to NanjingMiddle Reaches cover 1,550 km from Yichang to Nanjing Key cities include Wuhan,Yichang, Jiujiang and Wuhu Key cities include Wuhan,Yichang, Jiujiang and Wuhu Wuhan and Jiujiang have access to the Beijing-Guangzhou RailwayWuhan and Jiujiang have access to the Beijing-Guangzhou Railway Access to Yangtze River and Railway makes these cities ideal for Access to Yangtze River and Railway makes these cities ideal for

domestic distribution in Chinadomestic distribution in China Yichang will become hub and gateway to/from Sichuan as well as Yichang will become hub and gateway to/from Sichuan as well as

center of power industrycenter of power industry Transit to Shanghai by barge is 3 to 5 daysTransit to Shanghai by barge is 3 to 5 days Middle Reaches Ports grew faster than Upper or Lower Reaches in Middle Reaches Ports grew faster than Upper or Lower Reaches in

20092009 Eleven River Ports are located in Middle ReachesEleven River Ports are located in Middle Reaches By 2015, the Middle Reaches capacity are expected to grow five timeBy 2015, the Middle Reaches capacity are expected to grow five time


Middle ReachesMiddle Reaches

Yichang to Nanjing: 1,550 km

Middle Reaches Key CitiesMiddle Reaches Key Cities


Yichang

300km

44km

Wuhan

WuhuHefei

Nanchang

Jiujiang

142km

415k

m

469km

240km

133km376km

3 Gorges Dam

To Nanjing

Yangtze River

Middle Reaches: Key River PortsMiddle Reaches: Key River Ports


Yichang 33.32 mil 35.38 mil 6.2% 42,496 44,455 4.6%

Wuhan 55.92 mil 54.09 mil -3.3% 473,637 563,700 19%

Jujiang 61.82 mil 82.84 mil 34% 80,927 100,666 24.3%

Wuhu 55.14 mil 57.09 mil 3.6% 164,106 99,525 -39.4%

Sub Total 206.19 mil 229.39 mil 11.2% 761,166 808,346 6.2%

Others 211.12 mil 218.57 mil 3.5% 212,000 251,642 18.6%

Total 417.32 mil 447.96 mil 7.3% 973,924 1,059,988 8.8%



Wuhan PortWuhan Port


Yangsi Terminal Yangluo Terminal


Middle Reaches ProjectionsMiddle Reaches Projections Middle Reaches represents the longest stretch of the river, winding Middle Reaches represents the longest stretch of the river, winding

through four provinces; Hubei, Hunan, Jiangxi & Anhuithrough four provinces; Hubei, Hunan, Jiangxi & Anhui This includes eleven port cities; Hubei (4), Hunan (1), Jiangxi (1) and This includes eleven port cities; Hubei (4), Hunan (1), Jiangxi (1) and

Anhui (5)Anhui (5) Middle Reaches is expected to grow five times 2009 by 2015, a CAGR Middle Reaches is expected to grow five times 2009 by 2015, a CAGR

of 32.75%of 32.75% Four port cities are instrumental to Middle Reaches growth; Yichang, Four port cities are instrumental to Middle Reaches growth; Yichang,

Wuhan, Jiujiang and WuhuWuhan, Jiujiang and Wuhu Two cities are the best positioned strategically to develop the Middle Two cities are the best positioned strategically to develop the Middle

Reaches and Central China; Yichang and WuhanReaches and Central China; Yichang and Wuhan Wuhan will dominate Middle Reaches and the rapidly developing Wuhan will dominate Middle Reaches and the rapidly developing

supporting rail and road infrastructure will support make Wuhan a supporting rail and road infrastructure will support make Wuhan a major distribution hub for Central Chinamajor distribution hub for Central China

Expect growth in the middle reaches during the 12Expect growth in the middle reaches during the 12 thth Five Year Plan Five Year Plan (2011 – 2015)(2011 – 2015)


Lower ReachesLower Reaches

““Shuttle for Eastern Manufacturing”Shuttle for Eastern Manufacturing”


Lower Reaches Fact SheetLower Reaches Fact Sheet

Lower reaches cover 402 km from Nanjing to ShanghaiLower reaches cover 402 km from Nanjing to Shanghai The lower reaches has the highest density of river ports with ten The lower reaches has the highest density of river ports with ten

ports located on the YRports located on the YR The lower reaches ports represents 78% of the container The lower reaches ports represents 78% of the container

throughput of the Yangtze River throughput of the Yangtze River In 2008, Taicang Terminal passed Nanjing to become the largest In 2008, Taicang Terminal passed Nanjing to become the largest

container port on the Yangtze River and lower reachescontainer port on the Yangtze River and lower reaches The majority of container throughput in most lower reaches The majority of container throughput in most lower reaches

ports moves direct to Shanghai terminals supporting Shanghai ports moves direct to Shanghai terminals supporting Shanghai as a shipping centeras a shipping center

Nanjing, Nantong and Taicang have international direct calls to Nanjing, Nantong and Taicang have international direct calls to Hong Kong, Taiwan, Japan, Korea and SE AsiaHong Kong, Taiwan, Japan, Korea and SE Asia

Lower reaches container capacity is expected to triple 2009 Lower reaches container capacity is expected to triple 2009 throughput by 2015 throughput by 2015



Lower ReachesLower Reaches

Nanjing to Shanghai: 402 km

Lower Reaches Key CitiesLower Reaches Key Cities


Nantong

Nanjing

To Shanghai52

km

90km

192kmZhangjiagang

Taicang

Suzhou

87km

Yangtze River

From Wuhu

82km

Lower Reaches: Key River PortsLower Reaches: Key River Ports


Suzhou Ports 203.48 246.24 mil 21.0 2,570,015 2,723,913 6.0

Taicang 40.2 mil 51.64 mil 29.0 1,450,495 1,513,161 4.3

Zhangjiagang 123.24 mil

150 mil

21.7 814,220 870,312 6.9

Changshu 40.04 mil 44.6 mil 11.0 305,300 340,440 11.5

Nanjing 111.25 mil 121.46 mil 9.2 1,280,265 1,200,326 -6.4

Nantong 132.14 mil 135.41 mil 3.2 443,300 350,600 -20.9

Sub Total 446.49 mil 503.16 mil 12.6 4,293,580 4,274,839 -0.5

Other 285.6 mil 334.36 mil 17.0 1,164,976 1,338,081 14.8

Total 732.09 mil 837.53 mil 14.4 5,458,556 5,612,920 2.8



Taicang TerminalTaicang Terminal


Lower Reaches Projections - 1Lower Reaches Projections - 1

The lower reaches of the Yangtze River runs through a single The lower reaches of the Yangtze River runs through a single province, Jiangsu, encompassing ten river portsprovince, Jiangsu, encompassing ten river ports

The top four ports along the Yangtze River, by TEU throughput, are The top four ports along the Yangtze River, by TEU throughput, are Taicang, Nanjing, Zhangjiagang and Jiangyin, all located in the lower Taicang, Nanjing, Zhangjiagang and Jiangyin, all located in the lower reachesreaches

The lower reaches container activity accounted for 78% of total The lower reaches container activity accounted for 78% of total Yangtze River container activityYangtze River container activity

Suzhou Port as a combined port group, is the largest container and Suzhou Port as a combined port group, is the largest container and general cargo port along the Yangtze River general cargo port along the Yangtze River

In 2008, Taicang surpassed Nanjing to become the largest container In 2008, Taicang surpassed Nanjing to become the largest container port along the Yangtze Riverport along the Yangtze River


Lower Reaches Projections - 2Lower Reaches Projections - 2

In 2009, Zhangjiagang surpassed Nantong to become the In 2009, Zhangjiagang surpassed Nantong to become the largest general cargo port along the Yangtze Riverlargest general cargo port along the Yangtze River

Most of the manufacturing activity in the lower reaches has Most of the manufacturing activity in the lower reaches has been contained in South Jiangsubeen contained in South Jiangsu

As manufacturing activity moves north in Jiangsu Province, As manufacturing activity moves north in Jiangsu Province, Nantong becomes a more viable port, putting it in a more Nantong becomes a more viable port, putting it in a more strategic position relative to the other Yangtze River portsstrategic position relative to the other Yangtze River ports

The close proximity of the ten lower reaches ports will create a The close proximity of the ten lower reaches ports will create a competitive environment due to the overlapping hinterlands competitive environment due to the overlapping hinterlands

Logistics facilities are moving from Shanghai to lower reaches Logistics facilities are moving from Shanghai to lower reaches cities like Nanjing, Suzhou and Kunshan cities like Nanjing, Suzhou and Kunshan


Yangtze River DeltaYangtze River Delta

““An economic engine…..An economic engine…..

& &

Gateway to the World”Gateway to the World”



Yangtze River Delta Fact SheetYangtze River Delta Fact Sheet The YRD accounts for 21.4% of China’s GDP with only 11.1% of The YRD accounts for 21.4% of China’s GDP with only 11.1% of

the population and 2.2% of land areathe population and 2.2% of land area The YRD embraces Shanghai Municipality and 15 cities of The YRD embraces Shanghai Municipality and 15 cities of

Zhejiang and Jiangsu ProvincesZhejiang and Jiangsu Provinces YRD cities are promoting regional integration for growth and YRD cities are promoting regional integration for growth and

economic activityeconomic activity Most of the manufacturing sector along the Yangtze River has Most of the manufacturing sector along the Yangtze River has

settled in this areasettled in this area Five Metro Circles have been developed to drive YRD cities Five Metro Circles have been developed to drive YRD cities

integration: Shanghai, SuXiChang, Nanjing, Xuzhou and integration: Shanghai, SuXiChang, Nanjing, Xuzhou and HangzhouHangzhou

Rail, road and bridge infrastructure has been completed to Rail, road and bridge infrastructure has been completed to support this integration including four major bridges; Donghai, support this integration including four major bridges; Donghai, SuTong, Hangzhou Bay and Zhoushan Cross Sea BridgeSuTong, Hangzhou Bay and Zhoushan Cross Sea Bridge

Two largest Yangtze River ports, Taicang and Zhangjiagang; Two largest Yangtze River ports, Taicang and Zhangjiagang; and two largest coastal ports in China, Shanghai and Ningbo and two largest coastal ports in China, Shanghai and Ningbo are all located in YRD are all located in YRD

Yangtze River Delta Economic IndicatorsYangtze River Delta Economic Indicators

Indicator 2008 2009 2010

YRD GDP (billion RMB) 6,520.91 7,179.39 8,460.00

China GDP (billion RMB) 30,067.00 33,535.30 39,500.00

YRD % 21.7% 21.4% 21.4%

YRD FDI (billion USD) 45.27 45.76 50.62

China FDI (billion USD) 92.40 90.03 105.70

YRD % 48.9% 50.8% 47.9%


Source: China National Statistics Bureau

Note: GDP stated in RMB and FDI stated in USD

Jon Monroe ConsultingJon Monroe Consulting 4444Jon Monroe ConsultingJon Monroe Consulting

Yangtze River Delta: Key Coastal PortsYangtze River Delta: Key Coastal Ports

Port 2008 Ton 2009 Ton % 2008 TEU 2009 TEU

%

Shanghai 582.0 mil 592.0 mil 1.7% 28.01 mil 25.0 mil -10.7%

Ningbo 520.47 mil 577.57 mil 11.0% 10.93 mil 10.5 mil - 3.9%

Sub Total 1,102.47 mil 1,169.57 mil 6.0% 38.94 mil 35.5 mil -11.2%

Others 226.55 mil 261.08 mil 15.2% 3.53 mil 4.4 mil 25.7%

Total 1329.02 mil 1,430.65 mil 7.6% 42.47 mil 39.2 mil -7.6%



NantongNanjing

Shanghai

ZhenjiangChangzhou

Suzhou

Yangtze River

YangzhouTaizhou

Wuxi

JingHang Canal

Ningbo

HuzhouJiaxing

Shaoxing

Hangzhou

Wenzhou

Yancheng

Lianyungang

Xuzhou

Taizhou

YRD Coastal

To Shandong Province

Zhoushan

Hangzhou Bay Bridge

Taihu Lake

Yellow Sea

East China Sea

16 YRD Cities

25 YRD Cities

Suqian Huai’an

+

+ +

QuzhouJinhua

Lishui

To Jiangxi Province

To AnhuiProvince


Major City ClusterYangtze River Delta 130+ million people GDP 3.9 Tril yuan

Emerging City Cluster Middle Reaches Yangtze River 58 million people GDP 1 Tril yuan

Emerging City ClusterChongqing-Sichuan115 million people GDP 1.2 Tril yuan

Yangtze River CorridorYangtze River Corridor

Where Are We?Where Are We? Mfg costs going up in YRDMfg costs going up in YRD Focusing on cooperative development among YRD CitiesFocusing on cooperative development among YRD Cities Approximately 70% of the traffic along Yangtze River Approximately 70% of the traffic along Yangtze River

moves within YRDmoves within YRD Expect more cooperation between YRD cities and cities Expect more cooperation between YRD cities and cities

in the upper and middle reaches of Yangtze Riverin the upper and middle reaches of Yangtze River More companies will locate in YRD as a base to access More companies will locate in YRD as a base to access

central and Western Chinacentral and Western China Expect larger vessels to call Nanjing and move direct to Expect larger vessels to call Nanjing and move direct to

foreign portsforeign ports


SummarySummary


Yangtze River SummaryYangtze River Summary

Yangtze River may well become the world’s largest economic corridor Yangtze River may well become the world’s largest economic corridor by 2020by 2020

China’s central planning will encourage western movement and China’s central planning will encourage western movement and cooperation as well as competition among city’s and portscooperation as well as competition among city’s and ports

The river can be regionalized into four sections: upper, middle, lower The river can be regionalized into four sections: upper, middle, lower and delta & coastaland delta & coastal

Rapid urbanization and an improved infrastructure will drive this Rapid urbanization and an improved infrastructure will drive this process process

Port development capacity may well exceed demandPort development capacity may well exceed demand By 2020, China will have the most sophisticated manufacturing and By 2020, China will have the most sophisticated manufacturing and

transportation infrastructure in the world connecting ports and cities transportation infrastructure in the world connecting ports and cities via rapid rail, road and air networks.via rapid rail, road and air networks.

This will be supported by a shift from dependence on exports to a This will be supported by a shift from dependence on exports to a more balanced trade flow and a strong domestic economymore balanced trade flow and a strong domestic economy


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