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News

May 2009

Nanjing, Hefei and Nanchang forge new alliance

27 May 2009
The three provincial capital cities of Jiangsu (Nanjing), Anhui (Hefei) and Jiangxi (Nanchang) signed a memorandum on 22 May to forge a strategic regional development alliance....

Wuhan to start direct shipping service to Taiwan

27 May 2009
Regular container services to Taiwan could start by end of this year according to the general manager of Wuhan International Container Transhipment Corporation, the operator of Wuhan’s Yangluo container terminal....

Jiangyin enjoys boom in vessel stripping

27 May 2009
Jiangyin Yangtze Vessel Strip Yard is reporting record business due to the continued downturn in the shipping market....

Business tax exemption for Yangshan

27 May 2009
Mr Song Dexing, Director of the Waterway Department of the Ministry of Transport, said in an interview with China Waterway Newspaper on 25 May that companies involved in international shipping business and registered at Yangs...

Zhangjiagang reports 30% throughput growth in April

27 May 2009
Zhangjiagang terminal, part of the Suzhou port, reported a 29.7 per cent increase of throughput in April to 13.57m tons, up nearly 21 per cent over March....

Government allocates Rmb270 for infrastructure spending

27 May 2009
China’s central government has allocated Rmb270bn for infrastructure investment so far in 2009, according to an official from the country’s top economic planning body, the National Development and Reform Commissio...

Urban rail network to be extended

27 May 2009
Urban rail transit construction is to be accelerated following a decision by the National Development and Reform Commission to approve the plans of 19 Chinese cities....

New marshalling yard for Wuhan

27 May 2009
Wuhan North Marshalling Yard, one of the largest yards in Asia, has started operations in Hubei province. Nearly 10,000 rail freight cars will be diverted to the yard every day instead of travelling across the city centre...

Share placement for Nanjing Iron & Steel

27 May 2009
Nanjing Iron & Steel plans to issue 2bn shares in a private placement to finance a proposed Rmb8.6bn asset acquisition....

Inflated bill for water diversion project

27 May 2009
China had set aside Rmb53.87bn for the huge south-to-north water diversion project by the end of April, according to the head of the project office Zhang Jiyao....

Ikea closes regional sourcing offices

27 May 2009
Ikea is to close its sourcing offices in Chengdu, Wuhan and Xiamen as part of a plan to better integrate its sourcing businesses in China....

Subway opens third restaurant in southwest

27 May 2009
Fast food franchising giant Subway has opened its third restaurant in southwest China....

Sanquan sets up food base in Chengdu

27 May 2009
Zhengzhou-based frozen food company Sanquan Foods plans to invest Rmb500m to build its southwestern manufacturing base in Chengdu, Sichuan province, reported China Retail News....

Investment success for Wuxi

27 May 2009
Two high-tech companies have decided to set up operations in Wuxi, Jiangsu province. The US-based circuit protection products company Littelfuse is to consolidate its Taiwan wafer fabrication facility into Wuxi....

Chongqing claims strong signs of recovery

20 May 2009
Chongqing Municipal Statistics Bureau said that the city showed strong signs of recovery in April, with industrial output up by 13.3 per cent over the same month last year and 6.6 percentage points higher than March....

Domestic containers to grow at 10-15% in 2009

20 May 2009
Mr Song Desing, Director of Inland Waterway Department under the Ministry of Transport, said in an interview published on 19 May that the growth of domestic container volumes would fall below 20 per cent for the first time in...

State Council approves Yangtze Waterway blueprint

20 May 2009
The Yangtze Waterway blueprint, compiled by the Ministry of Transport, the State Development and Reform Commission, the Ministry of Water Resources and the Ministry of Finance, has recently received approval from the State Co...

Wuhan wages climb 2 per cent in April

20 May 2009
According to a research report released by Hubei provincial job centres association, the average pay offer available in April at Wuhan job centres was Rmb1,322 a month, up 2 per cent over March....

Nanjing Yangtze Tunnel to open by June 2010

20 May 2009
Tunnelling work on the Nanjing Yangtze Tunnel was completed on 20 May, according to China News Service. More than 3,000 metres long and with a diameter of 15 metres, it is technically the most challenging project in China....

Ford to build second plant in Chongqing

20 May 2009
Ford Motor Co has approved a plan to build a second assembly plant in Chongqing to meet fast-growing demand for its cars in China, Xinhua reported....

New steel marketing centre for Chengdu

20 May 2009
Construction work started in late April on western China’s largest steel marketing centre. Longgang Steel Marketing Centre will be located in Longtan Industrial Park in Chengdu’s Chenghua district....

Airport go-ahead for Chizhou

20 May 2009
Approval has been granted for the construction of a regional airport in Chizhou, Anhui province. Building work will start later this year and will take two-and-a-half years to complete, said Xinhua....

More ports approved for direct shipping to Taiwan

20 May 2009
Five more mainland ports have been approved for direct shipping with Taiwan, reported Xinhua....

Toll acquires total control of St-Anda

20 May 2009
Toll Holdings, Australia’s largest logistics services company, has acquired the remaining 49 per cent of Shenzhen-based ST-Anda Logistics it does not already own....

Dow to set up chemicals logistics centre in Tianjin

20 May 2009
Dow Chemical is to spend US$200m on creating a logistics centre in Tianjin....

Chongqing accelerates transport construction work

20 May 2009
Chongqing is to spend Rmb300bn by 2012 on improving its transportation facilities, said Huang Qifan, executive vice-mayor of the municipality. Some Rmb100bn will be used to improve its railways, river ports and Jiangbei In...

Jiangsu announces major new petrochemical projects

20 May 2009
A total of Rmb83.1bn will be invested in nine petrochemical projects in Jiangsu over the next three years, according to a statement by the provincial government....

Uni-President to invest in Wuhan dairy base

20 May 2009
Taiwan-based food and beverage group Uni-President plans to produce dairy products in Wuhan, Hubei province, reported China Retail News. Xiao Fengshi, the general manager of Uni-President Central China, said Wuhan was attr...

Chongqing landslide leads to temporary closure of Yangtze

20 May 2009
Some 20,000 cubic metres of mudstone fell into the Yangtze River on 18 May after a landslide on a section of the river’s bank in Wushan county, Chongqing....

Huangshi plans to restore shipbuilding glory

13 May 2009
The Yangtze port city of Huangshi is attempting to restore its shipbuilding glory by giving the go-ahead to Huangshi Jinzhou Shipyard....

Yangtze shipping index recovers in April

13 May 2009
The decline in the Yangtze’s dry bulk market eased in April, with the Yangtze Dry Index closing at 803.79 on 30 April, according to the Yangtze River Administration under the Ministry of Transport....

Renovation work to close section of Shanghai-Hangzhou Expressway

13 May 2009
Transport authorities in Shanghai have announced that from 16 May, the section of the Shanghai-Hangzhou Expressway between Xinzhuang and Xinqiao will be closed for the second phase of a renovation project....

New agreement on mainland-Taiwan air cargo services

13 May 2009
The official spokesman for the National Office for Taiwan Affairs said on 13 May that representatives from the mainland and Taiwan had signed an agreement in Nanjing recently to increase air traffic between the two sides....

Petrol tanker collides with truck in Jiangsu

13 May 2009
On 13 May, a road tanker loaded with 21 tons of petrol collided with a truck on the Feng Guan Expressway near Lianyungang, Jiangsu province, killing the tanker driver and his assistant....

Wuhan-Guangzhou line to open in December

13 May 2009
The Wuhan-Guangzhou high-speed passenger line will start operating by 20 December 2009, a year ahead of the original plan, according to a revised schedule from the Ministry of Railways....

Nantong port reports strong rise in foreign trade

13 May 2009
According to statistics from the Nantong Maritime Authorities, Nantong recorded a 35.5 per cent year-on-year rise in foreign trade-related throughput in April to 3.02m tons....

Jiujiang receives special industrial development support

13 May 2009
Jiangxi provincial government recently announced a package of strategic measures designed to speed up Jiujiang’s industrial development....

Chongqing Fair set to attract record numbers

13 May 2009
The 12th China Chongqing International Investment and Global Sourcing Fair opened on 13 May....

Fixed asset investment surges again

13 May 2009
China’s fixed asset investment surged again in April as a result of the government’s fiscal stimulus package, but exports dropped further, reflecting continuing weak demand in overseas markets....

Suzhou-Nantong Bridge formally opens

13 May 2009
The Suzhou-Nantong Yangtze Road Bridge, the world’s largest cable-stayed bridge, has been formally opened in Jiangsu province after five years of construction....

Domestic air cargo volumes return to growth

13 May 2009
Domestic air cargo and parcel post volumes in China increased 1.3 per cent in the first quarter of 2009, compared with sharp falls in the last quarter of 2008, according to Ministry of Transport data....

Work starts on VW plant in Chengdu

13 May 2009
First Automobile Works (FAW) and Volkswagen have officially started construction of its joint venture in Chengdu, Sichuan province, Xinhua reported. With an annual output of 150,000 cars, the Chengdu plant will assemble th...

Repair work begins on Baoji-Chengdu railway

13 May 2009
China has started revamping a railway from Baoji in Shanxi province to Sichuan province’s capital Chengdu to enhance the line’s capacity and support rebuilding activities in the earthquake zone....

Metal ore imports increase again

13 May 2009
China’s iron ore imports in April jumped 33 per cent year-on-year to 57m tons, according to the General Administration of Customs....

Delayed opening for Jiangyin chemical plant

13 May 2009
China Clean Energy Inc, a manufacturer of fuel and specialty chemical products, said that the construction of its plant in Jiangyin, Jiangsu province will now be completed in September 2009....

PYI proposes rights issue to fund Yichang port stake

13 May 2009
PYI Corporation, the Hong Kong-based bulk cargo port and infrastructure operator, has proposed to raise HK$362m (US$46.7m) from a rights issue to fund its stake in Yichang Port Group, reported Lloyd’s List....

Barge capsizes in Yangtze

6 May 2009
A barge hit rocks and capsized in the Yangtze River near Longmentan in Chongqing municipality on 27 April, dumping 900 tons of coal into the water. The five crew members were rescued uninjured....

State spending lifts Yangtze delta region

6 May 2009
Major cities in the Yangtze River Delta reported slower GDP growth in the first quarter of 2009 as the global downturn intensified, reported the Wuxi statistical bureau....

Airlines return to profit

6 May 2009
China’s major airlines made a combined profit of Rmb1.3bn in the first quarter of 2009 after posting a loss of nearly Rmb30bn last year....

Flu checks extend airport waiting times

6 May 2009
Air passengers entering China are now subject to tightened quarantine procedures against A(H1N1) influenza, which at Beijing Capital International Airport have extended average waiting times by 30 minutes....

Shanghai investigates tunnel expansion projects

6 May 2009
Shanghai has launched feasibility studies into two new tunnels under the Huangpu River and an expansion project to increase capacity of the existing Xiangyin Road Tunnel....

Rail freight increases 2.4% in March

6 May 2009
China’s railways carried 382.1m passengers in the first quarter of 2009, up 3.8 per cent year-on-year, according to the Ministry of Railways....

Profit boost for China Railway Group

6 May 2009
China Railway Group, the country’s largest railway and highway builder, said first its quarter profit jumped 87 per cent year-on-year to Rmb982m....

Wusteel invests in Australia iron ore project

6 May 2009
Wuhan Iron and Steel Group, China’s third largest steel producer, has agreed to buy a 50 per cent stake in Western Plains Resources’ Hawks Nest project in South Australia....

Chongqing expansion for Wal-Mart

6 May 2009
Wal-Mart is speeding up its expansion plans in Chongqing, according to a municipal government website....

Domestic cargo throughput returns to growth

6 May 2009
Cargo throughput at China’s main ports totalled some 500m tons in April 2009, down 1.9 per cent from a year earlier, according to an estimate by the Ministry of Transport....

Yangtze upper reaches growing in importance

6 May 2009
According to the Yangtze Waterway Bureau, the 882km section between Yichang and Luzhou has been upgraded to accommodate vessels of 1,000 dwt and barge fleets of 3,000 dwt....

Seminar held on industrial transfer to the interior

6 May 2009
The State Development and Reform Commission invited experts and scholars from the State Council Development Research Centre, China Academy of Social Sciences and State Macro Economy Research Institute to a seminar on 28 April...

Grade 2 highway toll stations are being abolished

6 May 2009
According to a press conference at the Ministry of Transport on 5 May, 1,263 toll stations on Grade 2 highways have so far been abolished, covering 70,800 km of road and amounting to 65 per cent of the national total....

Taxi firm prepares for Shanghai Expo

6 May 2009
Shanghai Dazhong Taxi, one of the best known taxi companies in Shanghai, launched its Shanghai Expo service on 5 May by presenting 100 new taxis whose drivers have been trained to speak foreign languages....

New sleeper service between Wuhan and Shenzhen

6 May 2009
Wuhan started a direct express rail service to Shenzhen, Guangdong province on 6 May....

Nanjing shows sign of recovery in property market

6 May 2009
Within three days of the May Day holiday, a total of 980 new flats exchanged hands in Nanjing, capital of Jiangsu province....

Nantong imports record copper ore volumes

6 May 2009
According to Nantong Inspection Bureau, a total of 200,040 tons of copper ore concentrates came through the port of Nantong in April, a record volume for a single month....
     
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