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Economics & Trade

Switch to Pudong airport

Pudong International Airport will handle all Shanghai’s international flights from October 28 this year. Hongqiao Airport will be left with regional and domestic flights only, reported Shanghai Daily. The move was described as part of a plan to make Pudong airport one of Asia’s busiest aviation hubs. Last year 6.9m passengers travelled through Pudong, about […]

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Economics & Trade

Eastern 'to take Wuhan Airlines stake'

China Eastern Airlines was reported to be close to announcing the acquisition of a 30- 40 per cent stake in Wuhan Airlines for about Yn300m, reported Shanghai Daily in mid-March. “The acquisition is part of China Eastern’s strategy to further expand its share in the domestic aviation market,” the newspaper quoted an industry source as […]

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Economics & Trade

Cosco goes logistic

In announcing the creation of a new logistics company, Cosco is making a commitment to provide its clients with a total transportation service. China Ocean Shipping Co (Cosco) has launched itself in the global world of logistics, through the establishment of Cosco Logistics Co. The new company officially took up its responsibilities in January, effectively […]

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Economics & Trade

Expansion of services

China’s recent strong economic growth has allowed substantial investment in medicine, leading to deep reform. In the country’s quest to expand its medical and healthcare services, hospitals are looking to spend more on modern medical devices. Products in demand include X-ray machines and fault diagnostic equipment, nuclear magnetic resonance imaging systems, monitoring and rescue equipment, […]

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Economics & Trade

China relents on GMOs

Beijing has pulled back from implementing rules that would have limited the amount of genetically modified grain imported into China. However, Washington is still unhappy about quarantine and customs measures. American farmers breathed a sigh of relief on March 7 when US negotiators announced that they had achieved a breakthrough regarding Beijing’s attempt to limit […]