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News

January 2011

Nestlé to speak at Yangtze Business Network conference

26 January 2011
We are pleased to announce a new speaker at the Yangtze Business Network conference on 31 March in Shanghai....

Zhangjiagang posts record throughput

26 January 2011
Zhang Wei, deputy mayor of Zhangjiagang city, said on 25 January that the city handled a throughput of 215m tons of general cargo in 2010, up nearly 35 per cent year-on-year and more than any other Yangtze port....

Nantong reports sharp increase in seafood imports

26 January 2011
Nantong Inspection and Quarantine Bureau reported an unprecedented increase in seafood imports worth US$175m in 2010, 10 times the value in the previous year....

Zhenjiang down exports increase four-fold

26 January 2011
Statistics from the local Inspection and Quarantine Bureau show that the city of Zhenjiang in Jiangsu province exported a record 1,080 tons of duck and goose down worth more than US$5.6m in 2010, over four times that of the p...

Tianjin to double container throughput by 2015

26 January 2011
Tianjin port in north China aims to double its container-handling capacity to 20m TEU by 2015, making it one of the world’s top five container ports, reported China Economic Review. Yu Rumin, chairman and senior engi...

China production to shift west, says report

26 January 2011
Western China, India and Southeast Asia will be the major low-cost global production bases in the next 15 to 20 years, according to a survey by research firm Transport Intelligence and logistics company Agility....

AMP acquires stake in Yunnan gas company

26 January 2011
The AMP Capital Asian Giants Infrastructure Fund has acquired its first asset in China, taking a 19.11 per cent effective equity stake in Qujing Gas....

China-Europe rail service to start in spring 2010

26 January 2011
DB Schenker aims to have a regular rail service in place between China and Europe in the second quarter of 2011, according to Asia-Pacific CEO Steve Dearnley....

Shanghai-Hangzhou maglev ‘unlikely’ to go ahead

26 January 2011
A senior Zhejiang province official said that the proposed high-speed maglev train line linking Shanghai to Hangzhou is unlikely to proceed, reported South China Morning Post....

Celanese looks to invest in new Nanjing plant

26 January 2011
Celanese, the US-based chemicals company, has signed letters of intent to construct industrial ethanol production facilities in Nanjing and Zhuhai....

Chengdu to lead largest city cluster in western China

26 January 2011
According to Sichuan provincial government’s development strategy for the 12th five-year plan (2011-2015), the provincial capital Chengdu will lead Mianyang, Nanchong, Zigong and five county-level cities into becoming t...

GE to build Chengdu research base

26 January 2011
The US-based power and technology giant General Electric plans to build its first innovation centre in Chengdu, capital of Sichuan province, People’s Daily reported. The centre, which plans to recruit 380 employees i...

7-Eleven charts expansion in Chengdu

26 January 2011
The world’s leading convenience store chain 7-Eleven is to open two outlets in Chengdu on 17 March, reported China Retail News....

Chongqing sets China’s highest growth target for 2011

26 January 2011
Chongqing has set a 2011 GDP growth target of 13.5 per cent, higher than any other province or municipality in China. Inland China has been growing at a faster rate than coastal areas in recent times....

Jiujiang port container traffic up 20%

19 January 2011
SIPG Jiujiang reported a year-on-year 20 per cent increase in container throughput in 2010 to a record 120,600 TEU....

Changshu posts decline in waste paper imports

19 January 2011
Changshu port reported a more than 27 per cent decrease in waste paper imports last year to 890,000 tons, the first decline in seven years according to China News Agency....

Yangtze guaranteed water level trial achieved

19 January 2011
The Yangtze Waterway Bureau reported that the new guaranteed water level in the middle reaches of the river has been trialled and sustained safely for the first 70 days....

New World cuts capacity

19 January 2011
The New World Alliance is to cut capacity on transpacific services during next month’s Spring Festival, reported IFW. The alliance is made up of APL, Hyundai Merchant Marine and Mitsui OSK Lines....

China ship output rises 55% in 2010

19 January 2011
China’s new ship orders increased 2.9-fold to 75.23m DWT in 2010, according to the Ministry of Industry and Information Technology....

Sichuan to boost railway construction

19 January 2011
The director of Chengdu Railway Bureau, Wu Yong, told the ongoing provincial people’s congress that by 2015 Sichuan will have 2,500km of high-speed railway lines, accounting for 10 per cent of the national total....

Cargo throughput up 22% for Air China

19 January 2011
Air China reported a 21.7 per cent year-on-year increase in cargo throughput in 2010 to 1.15m tons....

Wisco buys into Canadian ore venture

19 January 2011
Wuhan Iron and Steel has reached agreement to pay US$122m for a 60 per cent stake in a joint venture with Adriana Resources of Canada that will develop iron ore resources in Quebec....

Changan Auto in battery tie-up with LG Chem

19 January 2011
Chongqing Changan Automobile has signed a strategic agreement with South Korean chemical product maker LG Chem for the research and development of lithium-ion batteries used in new energy vehicles....

‘Landmark’ Chongqing building to be demolished

19 January 2011
A building in central Chongqing that was originally intended to be the tallest in southwest China is set to be demolished because of financial problems that have stalled construction for four years, said a municipal governmen...

Spring festival crackdown on traffic infringements

19 January 2011
Chongqing is to set up more than 300 fixed and mobile traffic checkpoints over the Spring Festival....

SIPG profits climb 44%

12 January 2011
Shanghai International Port Group’s profits jumped 44 per cent year-on-year to Rmb5.4bn in 2010 as sea transport picked up with the recovery of global trade, Shanghai Daily reported....

Shanghai officially becomes world's largest port

12 January 2011
Shanghai was the world’s largest container port in 2010, handling 29m TEU compared with Singapore’s 28.4m TEU....

Iron ore imports fall in 2010

12 January 2011
China’s 2010 iron ore imports dropped 1.4% year-on-year to 618.6m tons, the first decline in a dozen years....

Three Gorges Dam shiplocks suspended for maintenance

12 January 2011
The Three Gorges Dam northern shiplocks were closed down between 9:00am and midnight on 10 January for routine maintenance, according to the Yangtze River Administration under the Ministry of Transport....

Record tourist numbers visit Three Gorges Dam

12 January 2011
Visitors to the Three Gorges Dam totalled a record 1.45m last year, according to a local tourism company reported by Xinhua....

Nanjing bridge opens for high-speed line

12 January 2011
On the morning of 11 January, 44 high speed trains originating from Shanghai Hongqiao and heading for Hefei, Anhui and Wuhan, Hubei, passed over Nanjing Dashengguan Yangtze Bridge, signalling the start of operation for the ne...

Chongqing to build rail link to Wanzhou

12 January 2011
Chongqing is to build the 500km rail line between the city proper and Wanzhou by the end of 2015, according to governor of Fuling district, Shen Xiaozhong....

Chongqing to impose luxury property tax

12 January 2011
Chongqing is finalising plans for imposing a new tax on high-end residential property, according to Xinhua....

Chengdu expects dramatic rise in foreign trade by 2015

12 January 2011
According to Chengdu Evening Daily, the city’s exports during the first 10 months of 2010 exceeded US$11.2bn, up 42 per cent year-on-year....

Auchan opens third Chengdu store

12 January 2011
Auchan has recently opened a 9,284 sq metre store in Huayang, Chengdu, the first large supermarket in the area, reported ChinaRetailNews....

Jiangsu MSA completes integration of ship monitoring system

5 January 2011
Mr Zhang Tongbin, director of Jiangsu Maritime Safety Authorities, announced at a recent press conference in Nanjing that the MSA has completed integrating the entire supervision system for the Jiangsu section of the Yangtze...

Waterway authorities recoup money for collision clear-up

5 January 2011
According to the Yangtze River Waterway Bureau, waterway officials have received compensation for the money they spent on repairing the shipping channel in Jiujiang that was caused by a vessel collision....

Anhui to withdraw 4,500 vessels by 2014

5 January 2011
Anhui provincial government said that within three years of 2011, some 4,500 vessels registered locally will be withdrawn on a compulsory basis as part of the Yangtze River vessel standardisation programme....

Jiujiang profile update

5 January 2011
Following a visit to Jiujiang early last month, we have updated our investment profile of the city....

Waigaoqiao phase 6 opens

5 January 2011
Phase six of Shanghai port’s Waigaoqiao terminal started operation in late December....

Hutchison increases HK and Shenzhen port stakes

5 January 2011
Hutchison Whampoa, the Hong Kong-based conglomerate, will spend US$733m to raise its controlling stakes in terminals in Hong Kong and Shenzhen, reported the Wall Street Journal....

Shipping insurance centres open in Shanghai

5 January 2011
Two shipping insurance centres were established in Shanghai in the last week of December. The centres, for Pacific Insurance (Group) and PICC Property and Casualty, both gained regulatory approval in August 2010....

Beijing-Shanghai high-speed line to open in June

5 January 2011
The Beijing-Shanghai high-speed railway will start operations in mid-June 2011, said Chinese Railways Minister Liu Zhijun....

Heavy railway spending set to continue

5 January 2011
China will invest Rmb700bn in 2011 in building railways, People’s Daily reported, citing a meeting of the national railway work conference. The money will be used for 70 new intercity projects....

Rail cargo line opens in Xinjiang

5 January 2011
A railway linking Kashi and Hotan in Xinjiang Uyghur autonomous region in northwest China opened on 30 December for cargo transportation, reported Xinhua....

Air China to double cargo services to Tokyo

5 January 2011
Air China Cargo plans to double the number of its cargo flights between Shanghai and Narita airport in Tokyo to four a week starting this month....

Schenker looks to Chinese hinterland

5 January 2011
Germany-based transport and logistics company DB Schenker told IFW that it plans further expansion in China this year....

Jiangsu to raise minimum wage by 18%

5 January 2011
Jiangsu provincial government has approved a plan to raise minimum wage by an average of more than 18 per cent from 1 February, according to China News Services....

Wuhu secures Rmb3.3bn iron pipes investment

5 January 2011
Xinxing Ductile Iron Pipes, which specialises in the manufacture of centrifugal ductile cast-iron pipes, plans to spend Rmb3.33bn on building a large production base in Wuhu, Anhui province....

Hilton selects Yichang for first Hubei hotel

5 January 2011
Hilton international Management has agreed with Hong Kong Zhongzhen Investment to set up a Hilton hotel in Yichang, its first in Hubei province....

Wuhan mulls property incentives to attract HR talent

5 January 2011
According to Wuhan Evening News on 5 January, local congressman Liu Yuan’s idea to introduce property incentives to attract and retain HR talent will be one of the major proposals to be discussed in the coming plenary m...

Major PV investment in Wuhan

5 January 2011
China South Industries Group Corp, a state-owned investment conglomerate, is to invest Rmb4.4bn to build a photovoltaic base in Wuhan, the capital of Hubei province....

Changan invests in Yunnan

5 January 2011
Chongqing Changan Automobile has signed an agreement with Kunming municipal government to invest Rmb10bn in an auto production base in Yunnan province....

Chongqing revenues up 71 per cent

5 January 2011
Chongqing government reported total revenues of Rmb199.1bn in 2010, up 71 per cent over the previous year....
     
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