On Monday, May 16, 2016, Weihai Nanchang Import and Export Co., Ltd. held the opening ceremony for the “Zhonghaitian Public Overseas Warehouse” in Cheongna International City. The Zhonghaitian Public Overseas Warehouse is a logistics center established on a 5,000㎡ site with an investment of USD 15 million by Weihai Nanchang Import and Export Co., Ltd., a state-owned enterprise in Nanhai New Area, Weihai City, China. The facility was set to operate as a hub supporting e-commerce and import-export logistics between Korea and China and to expand international logistics cooperation and distribution functions based in Cheongna International City.