The Chinese conglomerate China Merchants Holdings said that it intends to take a 45 per cent stake in a container terminal worth Yn2.5bn-3bn on Daxie Island, Zhejiang province. The chairman of the company, Qin Xiao, told Reuters that it had signed a letter of intent with Citic and Ningbo Port Authority to build four to […]
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The Sheraton Shenyang Lido Hotel opened last month in the centre of the capital of Liaoning province. The deluxe hotel has 623 guest rooms and suites. Starwood Hotels and Resorts, which owns the Sheraton, St Regis and Westin brands, has 14 hotels in China, Hong Kong and Macau, and an additional five are scheduled to […]
Tourism revenues in 2001 were Yn499.5bn, a year-on-year increase of 10.5 per cent, according to the China National Tourism Administration. China received a total of 11.23m foreign visitors, excluding those from Hong Kong, Macau and Taiwan. This strong performance was achieved despite a downturn in the world tourism sector following the September 11 terrorist attacks […]
New flights between Taiwan and Shanghai operated by China Southern Airlines and Taiwan’s Far Eastern Air Transport are undercutting the established competition, reported South China Morning Post. In December the carriers started providing daily charter flights with a brief stop in Laoag in the northern Philippines. A China Southern official said the service, which has […]
Despite a downturn in the global aviation sector, Hong Kong’s Dragon Airlines said it would continue to expand its fleet and increase its services to the mainland. The SAR’s number two passenger carrier is taking delivery of four new aircraft this year, which will allow it to boost the frequency of its services between Hong […]