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  • China's general economy info

    Start this from the first day of 2006.


    China's tax revenue hits record 3 trillion yuan in 2005

    http://english.people.com.cn/200601/...01_232225.html

    China's total tax revenues reached a record high of 3.0866 trillion yuan (385.8 billion US dollars) in 2005, an increase of 20 percent, or 514.8 billion yuan, year-on-year.

    The figure, excluding Customs duties and agricultural tax, was revealed by a report posted on the website of the State Administration of Taxation (SAT) on Sunday.

    This is the first time that the nation's tax revenues exceeded 3 trillion yuan, the report said.

    Source: Xinhua

  • #2
    Shanghai port turnover to top 443 mln tons this yr - report

    http://www.forbes.com/markets/feeds/...fx2420145.html

    BEIJING (AFX) - Shanghai port is expected to handle 443 mln tons of cargo this year, ranking it first in the world, the International Finance News reported.

    That compares with 382 mln tons handled at the port in 2004.

    The report quoted a source at the Shanghai Port Administration Bureau as saying that container throughput at the port will be 18.1 mln twenty-foot equivalent units (TEUs) in 2005, up from 14.55 mln last year.

    Shanghai will remain the world's third-busiest port in terms of container traffic for 2005, behind Hong Kong and Singapore, the report added.

    Comment


    • #3
      Passage to sea for Southwest China opens to traffic

      http://english.people.com.cn/200512/...27_231171.html

      The 126.68 km-long Zunyi-Chongxihe section in Guizhou Province has been completed and opened to traffic on Monday. By far, the 1,314 km-long expressway leading to sea for Southwest China has been put into operation, which connects Chongqing municipality, Guizhou Province and Guangxi Zhuang Autonomous Region, reports the overseas edition of People's Daily on Tuesday.

      From Chongqing in the north to Zhanjiang, Guangdong Province in the south, the highway is one of the five vertical lines of the planned national highway project of the "five vertical and seven horizontal road network" and also a key project for the traffic infrastructure of the country's West Development.

      After the completion of the highway, it will take about 15 hours for autos to travel from Chongqing to Zhanjiang. Before this, the 440 km-long journey from Chongqing to Guiyang would take one to two days for autos.

      By People's Daily Online

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      • #4
        Tianjin port remains biggest port in north China

        http://news.xinhuanet.com/english/20...nt_3999775.htm

        TIANJIN, Jan. 2 (Xinhuanet) -- Tianjin port in north China handled 240 million tons of goods and 4.8 million TEUs (containers of twenty feet equivalent units) in the past year, maintaining its position of the largest port in north China.

        The container handling capacity of the port increased by 1 million TEUs last year alone, according to the latest statistics of the port administration.

        The port now handles 60 ships daily and operates more than 90 routes for container ships, which travel between the port and major cities in Asia, Europe, Africa, Australia and America. Enditem

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        • #5
          Shenzhen becomes world's top container handler

          http://news.xinhuanet.com/english/20...nt_3911687.htm

          SHENZHEN, Dec. 12 (Xinhuanet) -- Shenzhen port, in south China's Guangdong Province, handled 14.78 million TEUs in the first 11 months of this year, up 19.21 percent over to the same period of last year, according to sources with the port.

          If the port keeps its work pace, it is expected to handle 16 million TEUs (twenty-foot equivalent units) by the end of this year.

          Shenzhen Port has seen the fastest growth in the past five years, with container handling capability rising from 3.99 million TEUs in 2000 to anticipated 16 million.

          As one of the leading container ports in the world, Shenzhen has opened160 shipping routes linking all parts of the world. To expand its container handling capacity, the port built two container docks at Chachanwan and Yantian this year.

          When the two projects completes in 2010, Dachanwan port is capable of handling 10 million TEUs, and Yantian project will have five additional container berths, bringing the TEU handling capacity of Yantian project to 9.5 million annually. Enditem

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          • #6
            China's 3rd largest port of Qingdao expands

            http://news.xinhuanet.com/english/20...nt_3900738.htm

            JINAN, Dec. 9 (Xinhuanet) -- Qingdao port, China's third largest port in terms of handling capacity, has joined hands with Weihai, another Chinese port city close to Japan and the Korean Peninsula,in speeding up coastal port development.

            The two ports agreed on Thursday to create a new company, Qingwei Container Port Co. Ltd, which will jointly run the two container berths and try to raise the container handling capacity to 800,000 TEUs within three years.

            The initial investment, injected from the Qingdao Port Group and the Weihai Port Group, topped 140 million yuan (16.9 million US dollars).

            The Qingdao company holds 51 percent of the shares.

            Qingdao port, located in Qingdao city of eastern Shandong Province, ranked third in handling capacity on the Chinese mainland last year. It was estimated to handle 6 million TEUs this year, according to sources with Qingdao Port Group.

            Chang Dechuan, executive of the group, said the Qingdao port will make full use of the ideal location of Weihai to shorten the distance with Japan and the Korean Peninsular, and the industrial belt around Bohai Bay and the heavy industries in northeast China.

            Weihai is about a two-hour's drive north of Qingdao in ShandongPeninsular.

            Shandong has planned to invest 53 billion yuan (6.44 billion USdollars) for port construction in the next five years, aiming at upgrading a line of its coastal ports into a major transportation center in northeastern Asia.

            By 2010, the annual handling capacity of all Shandong's ports is expected to hit 620 million tons, including 13.5 million TEU for containers, according to the provincial government. Enditem

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            • #7
              Ningbo Port Sees Rising Container Thruput

              http://en.chinabroadcast.cn/855/2005.../[email protected]

              HANGZHOU- The container thruput of east China's Ningbo Port is reported to surpass 5 million as of Monday, up 20 percent over last year.
              The port's average growth rate of container thruput amounted to 42 percent during the past five years, ranking first in China, said Li Linghong, president of Ningbo Port Group.

              This year, the port played host to 1,300 ships with each carrying 4,000 TEUs (twenty-foot equivalent units) at a time.

              A ship of the Mediterranean Shipping Company, laden with 9,200 TEUs, anchored at the Ningbo Port last July, making it possible for Ningbo to become one of the world largest container port.

              The port carved out 40 new sea routes this year, bringing the total number of sea routes to 147, including 69 oceangoing routes, which travel to Europe, North America and Middle East.

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              • #8
                Zhejiang Ports Sail Together

                http://en.chinabroadcast.cn/855/2005.../[email protected]

                China's two ports in the east Zhejiang merged to forge the third biggest port in the world.

                (Photo: Ningbo Port in Zhejiang Province. Photo: www.nbdaj.gov.cn)


                (Photo/Zhoushan Port in Zhejiang Province. Photo: blog.n-ku.com)

                China's two deep-water ports, Ningbo Port and Zhoushan Port in the east Zhejiang Province, officially merged into one on Tuesday in a bid to forge the third biggest port in the world.

                The new port will be named "Ningbo-Zhoushan Port" and start formal operation on Jan. 1 of 2006, according to Wang Yongming, vice governor of Zhejiang province.

                "The ports integration in Zhejiang will accelerate China's endeavor of building into a strong country in the field of sea shipping," said Xu Zuyuan, vice minister of communications.

                According to statistics from the provincial ports and shipping bureau, the cargo handling capacity of Ningbo Port is expected to exceed 270 million tons in 2005, ranking second in China, and Zhoushan Port is expected to handle over 80 million tons of cargo.

                However, the two ports, though located in the same sea area and sharing a navigation channel, have been operated under different administrations, which has resulted in separation of planning and greatly undermined their competitiveness.

                It is estimated that over 100 billion yuan (about 12.6 billion US dollars) will be injected into the project, which is expected to produce the third largest port in the world by 2010.

                Currently, the biggest three ports in the world are Shanghai, Singapore and Rotterdam.

                Ningbo-Zhoushan Port is located on the converging point of China's eastern coastline and the mouth of the Yangtze River. There were 591 berths as of the end of 2004, of which, 53 are over 10,000 tons.

                After completion, the new port will be an integral part of the Shanghai International Shipping Center, as well as an important logistic and industrial base, said Lu Zushan, governor of Zhejiang Province.

                According to Xu, the cargo and container handling capacity of China have both been listed as the top in the world for three years. In 2005, 10 Chinese ports were registered as world-class, with handling capacity over 100 million tons.

                The latest statistics show that China's ports is expected to handle 5 billion tons of cargo in 2005, 19.9 percent higher than that of last year, and 75 million TEU containers, up 21.3 percent from the previous year.

                Comment


                • #9
                  China's power shortage to ease

                  http://english.eastday.com/eastday/e...html30/12/2005 11:28


                  China's electricity shortage would ease up next year and a small surplus in supply is expected for 2007, said the National Development and Reform Commission (NDRC) on its website on Thursday.

                  The Commission made the prediction while announcing that the country's electricity generation capacity has made a breakthrough to top 500 million kilowatts as of Dec. 27, with the operation of a new power plant in east China's Zhejiang Province.

                  China has launched power projects with an overall generating capacity of more than 100 million kilowatts this year, and those completed projects are now generating over 60 million kilowatts of power, effectively easing the power strain of the country, said the NDRC.

                  Electricity shortage has become a bottleneck of the country's economic growth in recent years, especially in the coastal areas where the economy has been growing at a two-digit rate in the past 10 years.

                  However, experts and industry insiders now believe that the country is being relieved of power shortage this year.

                  The Development Research Center under the State Council recently published a report, attributing the easing of power shortage to a slower growth in electricity demand, a rapid increase in electricity generation capacity, and improved efficiency in electricity transmission.

                  Sufficient supply of water and coal for hydro and thermo power plants also contributed to the ease of power shortage, according to the report.
                  China's overall electricity generation capacity would reach 587 million kilowatts by the end of 2006, the Center predicted.

                  However, experts have warned of possible supply shortage in certain areas despite the general supply-demand balance in the country.

                  Meanwhile, they also suggest investment in the energy sector be curbed to avoid the problem of over-capacity which might emerge in the coal mining and electricity generation sectors in 2007.

                  Comment


                  • #10
                    1st expressway between China, ASEAN opens to traffic

                    http://news.xinhuanet.com/english/20...nt_3981256.htm
                    www.chinaview.cn 2005-12-28 19:47:30


                    NANNING, Dec. 28 (Xinhuanet) -- The first expressway between China and ASEAN (Association of Southeast Asian Nations) opened to traffic on Wednesday.

                    The 179.2-kilometer-long expressway starts from Nanning, capital of south China's Guangxi Zhuang Autonomous Region and leads to Vietnam's Friendship Pass. It is an important part of China's national highway network, said Guo Shengkun, vice-chairmanof Guangxi regional government.

                    With an investment of 3.7 billion yuan (456 million U.S. dollars), the eight-lane expressway is currently the most convenient overland passage linking China with the ASEAN.

                    The expressway shortens the traveling time between Nanning and the Sino-Vietnamese border to less than two hours, half of what isrequired in the past, and it also takes five hours from Nanning toHanoi, the official said.

                    The expressway will be conducive to expanding the trade scale between China and ASEAN countries and promoting the formation of the China-ASEAN Free Trade Area. Enditem

                    Comment


                    • #11
                      Broadened Shanghai-Nanjing expressway to open

                      http://news.xinhuanet.com/english/20...nt_3980290.htm

                      www.chinaview.cn 2005-12-28 15:52:33


                      NANJING, Dec. 28 (Xinhuanet) -- The expansion project of the expressway linking two major cities in east China is scheduled to open to traffic on the New Year's Day in 2006.

                      The expressway linking Shanghai, China's largest metropolis, with Nanjing, capital of Jiangsu Province, began expanding in November 2003, costing an investment of 8.9 billion yuan (about 1.09 billion US dollars) by November 2005.

                      The principal part of the project was completed ahead of schedule and the traffic ban on trucks will be lifted when the broadened expressway is put into use, said Xie Jiaquan, general manager of the Nanjing-Shanghai Expressway Co. Ltd. at a press conference held Tuesday in Nanjing.

                      With an extended mileage of 248 km, the eight-lane expressway is expected to help ease traffic jam between Shanghai and Nanjing.

                      According to Xie, with a speed of 120 km per hour, it will takea two-hour drive from Nanjing to Shanghai. Enditem

                      Comment


                      • #12
                        SW China province invests heavily in road construction

                        SW China province invests heavily in road construction

                        http://english.people.com.cn/200512/...30_231845.html

                        Southwest China's Yunnan Province invested 22.55 billion yuan (about 2.8 billion U.S. dollars) in road construction from January to November, a source with the provincial communications department said here Friday.

                        Compared with the 14.54 billion yuan (some 1.8 billion U.S. dollars) investment in 2004, the government input this year has been up 54.77 percent.

                        Approximately 16.14 billion yuan (some 2 billion U.S. dollars) was spent on building major highways in Yunnan, a year-on-year growth of 154.63 percent.

                        By the end of 2004, the mileage of roads in Yunnan had reached 167,050 kilometers including 1421 km expressway, ranking China's first.

                        A massive road network has taken shape in the province, said the department.

                        Source: Xinhua

                        Comment


                        • #13
                          Yangtze River Delta Saw Another Expressway Open to Traffic

                          http://www.tmcnet.com/usubmit/-yangt...ec/1244172.htm

                          (SinoCast)ZHEJIANG, Dec 28, 2005 (SinoCast via COMTEX) --On December 26, the first phase project of Hangzhou-Qiandaohu expressway, which connects the city of Hangzhou and Jiande in eastern China's Zhejiang Province, officially opened for traffic.

                          From the day on, it will take just 60 minutes to drive from Hangzhou to Jiande, nearly half time less than before.

                          As the major part of Hangzhou-Xin'anjiang-Jingdezhen expressway, the Hangzhou-Qiandaohu expressway (Hangqian expressway) will be 191 kilometers long and is planned to be invested in totally CNY 12.1 billion.

                          And it will be the largest ever traffic project for the city of Hangzhou, capital of Zhejiang Province.

                          The entire road of Hangqian expressway will have five super-large bridges, over one hundred big or small bridges, 18 tunnels, 14 crossovers and two service areas.

                          The planned driving speed on the expressway is 120 kilometers per hour.

                          The whole project will be carried out in two phases.

                          The beginning-mentioned first phase project, with a total length of 108 kilometers, started from March 2003, while the second phase is expected to open for traffic by the end of next year.

                          From www.nbd.com.cn, Page 1, Tuesday, December 27, 2005
                          [email protected]

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                          • #14
                            Expanded expressway trunk in E. China reopens

                            http://english.people.com.cn/200512/...23_230386.html

                            The expressway connecting economically dynamic Shanghai with Hangzhou, capital of Zhejiang Province, reopened to traffic Thursday following construction to widen the highway.

                            The widening project, started at the end of July, has been expanded from four lanes to eight lanes. The speed limit has been increased from 110 km per hour to 120 km.

                            The completion of construction is expected to ease traffic which is considered to be heaviest in the country.

                            Source: Xinhua

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                            • #15
                              Xinjiang to build three new railroads

                              http://english.people.com.cn/200512/...30_231921.html

                              Construction of three railroads will be commenced in vast Xinjiang Uygur Autonomous Region in northwest China, a regional government official announced in Urumqi this week.

                              The double-track railway line between Urumqi, the regional capital, and Jinghe will be built in 2006 and become operational in 2007, while the Turpan-Korla double-track and Kuytun-Karamay single-track line are scheduled to be completed in 2008, Wang Lequan, secretary of the Xinjiang regional committee of the Communist Party of China, said at a local celebration held on Wednesday.

                              Construction of the three railway lines will not only alleviate tight transport but also help develop rich natural resources in the region, Wang said.

                              An improved railway network in Xinjiang also plays an important role in collocating resources in western China where energy resource distribution is badly unbalanced.

                              Xinjiang possesses 25 percent of China's total oil and natural gas reserves. Its coal reserve makes up 40 percent of the national total. Nearly 80 percent of above-said resources are shipped to various parts of China by rail.

                              Source: Xinhua

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