The chances of an economic crisis in China are low but a "hard landing" is still possible, US Federal Reserve chairman Ben Bernanke has said, Bloomberg reported Sunday. In a letter to Senate Banking Committee chairman Richard Shelby, dated August 30, Bernanke said that, although China's banking sector is blighted by escalating bad loans, "the […]
Category: Economics & Trade
China will commit US$3 billion to a US$5 billion Venezuelan-Chinese investment fund for joint development projects, Venezuela President Hugo Chavez announced Sunday during his weekly television and radio program. Chavez, who was joined on the program by Bank of China President Li Lihui, said the money would be spent on projects including railroads and automobile […]
[photopress:lancaster.jpg,full,alignright]The current Union-Pacific Intermodal facility in Lancaster, Texas, handles over 300,000 containers, all of which are coming from China. Altogether, 6,000 acres are under development between Dallas, Wilmer, Hutchins and Lancaster, to create the Dallas Logistics Hub, the largest logistics park in North America. And much of it is to deal with traffic create by […]
[photopress:Dalian_port.jpg,full,alignright]Dalian Port is the listed arm of one of China’s largest container terminal operators and it is a neat indicator of how logistics is booming in China. It has announded that its net profit for the first half of the year rose by 54.8 percent (an amazing increase) to reach RMB 375.19 million from RMB […]
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Logistics is the key
[photopress:indian_traffic_jam.jpg,full,alignright]The importance of logistics to the future of China has been has been highlighted in an article by Erika Morphy in CRM Buyer. It used to be that if a company wanted to outsource non-core operations, India was the locale to choose. Since then markets around the world have evolved giving companies a whole new […]