Nantong, being the northern gateway of the Greater Shanghai area, has been included as part of our YRD regional expansion strategy due to its strong economic profile, robust domestic consumption and integration with Shanghai, since 2018.
Currently, three major expressways pass through the city (G15, G40 and S19), enabling access to major YRD cities such as Shanghai, Wuxi and Suzhou.
Nantong’s manufacturing sector has been traditionally focused on the textile industry and salt production. The city is now shifting towards more advanced manufacturing (e.g. high-end equipment, new energy and software engineering). The city’s service sector has been growing faster than the manufacturing sector and accounted for over 50% of total fixed-asset investment. IT, finance and R&D services are leading the growth.
Prologis owns and operates logistics and distribution facilities in Nantong.