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....
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....
Celanese, the US-based chemicals company, has signed letters of intent to construct industrial ethanol production facilities in Nanjing and Zhuhai....
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...
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....
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....
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....
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...
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....
We are pleased to announce a new speaker at the Yangtze Business Network conference on 31 March in Shanghai....
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....
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...
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....
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...
Air China reported a 21.7 per cent year-on-year increase in cargo throughput in 2010 to 1.15m tons....
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....
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....
China’s new ship orders increased 2.9-fold to 75.23m DWT in 2010, according to the Ministry of Industry and Information Technology....
SIPG Jiujiang reported a year-on-year 20 per cent increase in container throughput in 2010 to a record 120,600 TEU....
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...
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....
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....
Chongqing is to set up more than 300 fixed and mobile traffic checkpoints over the Spring Festival....
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....
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....
Auchan has recently opened a 9,284 sq metre store in Huayang, Chengdu, the first large supermarket in the area, reported ChinaRetailNews....
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....
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 is finalising plans for imposing a new tax on high-end residential property, according to Xinhua....
China’s 2010 iron ore imports dropped 1.4% year-on-year to 618.6m tons, the first decline in a dozen years....
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...
Visitors to the Three Gorges Dam totalled a record 1.45m last year, according to a local tourism company reported by Xinhua....
Shanghai was the world’s largest container port in 2010, handling 29m TEU compared with Singapore’s 28.4m TEU....
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....
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....
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....
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....
The Beijing-Shanghai high-speed railway will start operations in mid-June 2011, said Chinese Railways Minister Liu Zhijun....
Chongqing Changan Automobile has signed an agreement with Kunming municipal government to invest Rmb10bn in an auto production base in Yunnan province....
Chongqing government reported total revenues of Rmb199.1bn in 2010, up 71 per cent over the previous year....
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....
Hilton international Management has agreed with Hong Kong Zhongzhen Investment to set up a Hilton hotel in Yichang, its first in Hubei province....
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....
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...
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....
Following a visit to Jiujiang early last month, we have updated our investment profile of the city....
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....
A railway linking Kashi and Hotan in Xinjiang Uyghur autonomous region in northwest China opened on 30 December for cargo transportation, reported Xinhua....
Germany-based transport and logistics company DB Schenker told IFW that it plans further expansion in China this year....
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....
Phase six of Shanghai port’s Waigaoqiao terminal started operation in late December....
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....
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...
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....