China Economic ReviewThe annual internal disciplinary inspection of courts took place in October, South China Morning Post reported. All courts in the country were ordered to investigate whether employees had violated regulations, such as accepting favours from people involved in cases they handled, with higher courts arranging inspections of intermediate courts under their supervision. Foreigners to receive […]
China Shipping Container Lines (CSCL) is expanding its trans-Pacific coverage with the launch of a new service in November to be known as the Asia America Central service (AAC). The move effectively introduces more than 150,000 teu of annualised capacity onto a trade route that is still suffering from low freight rates. The level of […]
Sinotrans, China's leading company for overland container transportation, is dropping out of the China/Europe service by the end of this year. The surprise move will mean job losses for dozens of staff in northern Europe who work in Sinotrans agencies and third-party port operation businesses. Sinotrans is a vessel-sharing partner on the China/Europe Express service […]
Tianjin, China's fourth largest port, is to spend Yn12bn on port infrastructure over the coming decade, said Xinhua. As part of the plan, the city will build a 30 sq km island in the north of the port area and complete a deepwater channel accommodating 150,000- dwt ships by 2005. It will also build an […]
Sohu.com, one of China's three overseaslisted internet portals, announced that three foreign institutions are to lift their collective stake in the company to more than 20 per cent. The institutions are acquiring shares held by an investment entity backed by Beijing University. The UK's Hermes Pensions Management and Martin Currie Investment Management and the US-based […]