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News

February 2009

Approval for Jiujiang’s second Yangtze bridge

25 February 2009
The State Development and Reform Commission has recently approved the feasibility report on Jiujiang No.2 Yangtze Bridge. Construction of the road bridge is scheduled to start in July....

Nantong Rugao terminal opens to foreign vessels

25 February 2009
On 19 February, an inspection team from the General Administration of Customs visited Rugao terminal in Nantong, Jiangsu province, and approved its status as an open terminal that can accommodate foreign vessels....

Nike builds Taicang distribution centre

25 February 2009
The global sports apparel maker Nike is to invest US$99m in a new distribution centre in Taicang, Jiangsu province, reported China Sourcing News....

Suning to create nine logistics bases

25 February 2009
Chinese home appliance and consumer electronics retailer Suning is to invest several billion renminbi on constructing nine logistics bases around China, said the company’s president Sun Weimin....

New drinking water source for Shanghai

25 February 2009
A major new reservoir near Chongming Island at the mouth of the Yangtze will start supplying water to 18m Shanghai residents before 1 May 2010, when the Shanghai World Expo begins....

Work begins on inland railway line

25 February 2009
Construction of the Rmb 62bn Chengdu-Lanzhou railway, linking the capitals of Sichuan and Gansu provinces, got under way on 21 February....

Express firms on the move

25 February 2009
FedEx has cut its express service prices by 70 per cent in a bid to win bigger market share in China, Xinhua reported....

ICBC infrastructure loans soar

25 February 2009
Loans by the Industrial and Commercial Bank of China, the country’s largest bank, soared in January in response to government calls to support the weakening economy....

Indian iron ore shipments on hold

25 February 2009
Commodity shipping rates in India, which rose in early February, were expected to fall in the near term, industry observers told DNA India on 24 February. The comments followed a drop in demand for Indian iron ore from Chi...

Construction starts on Wuhan ethylene plant

25 February 2009
Sinopec has started construction of a Rmb14bn ethylene plant in Wuhan, capital of Hubei province. The plant will have a production capacity of 800,000 tonnes a year, according to a government statement. Sinopec owns a 6...

Waterway Bureau to announce guaranteed water levels every 10 days

18 February 2009
The Yangtze Waterway Bureau is to announce actual water levels on 16 major shoals in the trunkline on the 1st, 11th and 21st days of the month, on top of the monthly guaranteed water levels released during the second half of...

Chongqing attracts investment from east coast

18 February 2009
Statistics show that Chongqing utilised Rmb123bn-worth of investments relocated from the east coast of China over the past three years....

Six new rail lines to start construction in north of Jiangsu province

18 February 2009
The Railway Commission of Jiangsu province announced recently that six new rail passenger lines worth a total investment of Rmb65bn will start construction this year in the northern part of the province, traditionally much un...

Changsha to build urban light rail system

18 February 2009
Changsha city government announced on 10 February that the first phase of its urban light rail system costing Rmb22.2bn would start construction this year....

Jiangsu to spend Rmb81bn on transport infrastructure

18 February 2009
Jiangsu provincial government says that it plans to invest more than Rmb81bn on transport infrastructure in 2009....

Yangtze polluters to be investigated

18 February 2009
The Ministry of Environmental Protection is to investigate firms that discharge waste into the Yangtze River and punish those that do so illegally, reported China Daily. Vice-minister Zhang Lijun said that the ministry will...

New Wuhan Boiler plant to open in 2009

18 February 2009
Alstom’s new factory for Wuhan Boiler Co will be built and put into operation in the suburbs of Wuhan in the second half of this year, reported People’s Daily. Wuhan Boiler is 51 per cent-owned by Alstom....

TNT starts road distribution services

18 February 2009
Shanghai-based TNT-Hoau, a wholly owned subsidiary of TNT Express, has officially entered China’s domestic road distribution market....

Wuhan to launch flights to Paris and Tokyo

18 February 2009
Air China will launch two direct flights from Wuhan to Paris and Tokyo this year, according to a local government website....

Container volumes plunge at HK and Shenzhen

18 February 2009
Container throughput in Hong Kong and Shenzhen fell significantly in January. Hong Kong port’s container throughput fell 23.2 per cent last month from a year ago to 1.62m teu, South China Morning Post reported, its big...

Stimulus package boosts Yangtze traffic volumes

11 February 2009
Accelerating investment in transport infrastructure in China’s interior has halted the recent sharp decline in cargo throughput at ports along the Yangtze River, according the latest official figures....

Maersk Line restructures China operations

11 February 2009
Maersk Line, the world’s largest container shipping line, has closed its Greater China headquarters in Beijing and halved the number of its mainland sub-regional offices against a background of slowing demand, the South...

ADB calls for greener transport systems

11 February 2009
China should place more emphasis on environmentally sustainable transport systems that can help reduce its heavy reliance on oil, according to a new Asian Development Bank publication....

Air traffic growth plunges in 2008

11 February 2009
China’s aviation market reported a single digit growth in air traffic in 2008 for the first time in five years. Passenger volume rose 3.3 per cent to 192m last year, down from 16 per cent in 2007; cargo volume increa...

More vessels stranded by fog

11 February 2009
Fog has continued to cause serious problems for shipping in the Shanghai region. More than 300 vessels were stranded in the Yangtze River Estuary on 8 February, the local maritime authority said....

Zhangjiagang reports record scrap steel imports

11 February 2009
The volume of imported scrap steel hit a record high of 334,000 tons in Zhangjiagang port in January, more than 18 times that of January 2008....

Exports fall 17.5% in January

11 February 2009
Chinese exports in January dropped 17.5 per cent year-on-year, the country’s biggest decline in more than a decade....

Yangtze cargo throughput rises once more

4 February 2009
In January 2009 total cargo throughput for the major ports along the Yangtze trunkline stood at 80m tons in, 5.7 per cent more than in the same period last year....

Fog causes transport chaos

4 February 2009
Dense fog on 2 February delayed or cancelled more than 700 ships in the mouth of the Yangtze River....

Increased role for bonded zones

4 February 2009
The value of imports and exports passing through China’s bonded zones and other special areas increased 17 per cent year-on-year to US$300bn in 2008, said China Customs....

European retail mall for Chengdu

4 February 2009
Construction has begun on Chengdu’s first upscale European upscale shopping mall. The 86,000 sq metre Galleria is scheduled to be in trial operation by mid-2010....

Hubei posts 13.4% growth

4 February 2009
The GDP of central China’s Hubei province stood at Rmb1,130bn in 2008, said Hubei Statistics Bureau....

Construction starts on Guiyang-Guangzhou railway line

4 February 2009
Digging work on two tunnel that will form part of the Guiyang-Guangzhou railway line started on 1 February, signalling the beginning of construction of the 857km line between the capital cities of Guizhou and Guangdong provin...

Early bird deadline nears for Yangtze conference

4 February 2009
Registration will close soon for early bird delegates of the Yangtze Business Network 2009 conference in Shanghai....
     
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