China Economic ReviewThe port of Ningbo in Zhejiang province said it would invest Yn6bn in the next few years to expand handling capacity. In 2001 it handled 126.7m tons of goods and 1.21m teu of containers – a year-on-year increase of 8 per cent and 35 per cent respectively. Construction has started on the second phase of […]
The Chinese government is to spend US$5m on dredging a 331km section of the Mekong River, reported Xinhua. The section lies between Laos and the China-Burma border. The section forms part of the Lancang- Mekong river course that opened to commercial navigation last June. Shipping can now navigate unrestricted for nearly 900km between Simao port […]
Beijing’s first foreign-funded sewage treatment facility constructed on the build-operate- transfer model started operation in December. The Yn200m facility, which involves investment from Golden State (Holding) Group Corp of the US and Beijing Economy and Technology Investment Co, is able to handle 100,000 tonnes of wastewater a day. Six more large-scale projects for sewage treatment […]
China’s railway industry was set to make a profit last year of several hundred million yuan, reported China Daily. The minister of railways Fu Zhihuan attributed the profit to a 7 per cent increase in cargo transport, while total passenger traffic remained the same at 1.2bn – an average of one journey for every person […]
A white paper published by China’s cabinet has directly linked a separatist movement in Xinjiang autonomous region to Osama bin Laden. The report blamed ‘East Turkestan’ forces for more than 200 incidents between 1990 and 2001 and said they were a threat to regional security. “The East Turkestan terrorist organisation based in South Asia has […]