Hong Kong Express Airways to become budget airlineMay 2, 2013In seeking a slice of the pie of Asia’s booming low-cost flights market, Hong Kong Express Airways Ltd wants to turn itself into a budget airline by Q3 of this year. Company President Yang Jianhong said that the firm will reveal plan details in May. Yang added that Hong Kong Express sees the potential for growth in budget carrier services, because the Asian market has been relatively untapped compared to the European and North American markets.
Hainan Airlines seeks to add nine international routes in 2015Dec 18, 2014
Hainan Airlines Co of China plans to add a maximum of nine international destinations in 2015, the Wall Street Journal reported citing sources familiar with the matter. The Haikou-based firm seeks to open seven long-haul routes from Beijing and one each from Nanjing and Hangzhou. Hainan Air is the fourth-biggest and largest privately-owned airline in the country. International travel from China increased 19% in September this year, according to a report by aviation consultancy company OAG.
50% of China's consumers prefer local tech productsDec 12, 2014
UK-based research firm Mintel Group said at least half of mainland China's consumers think locally-manufactured technology brands are as good as those made overseas. The Mintel report adds that 3,000 people, aged 20 to 49, in ten cities were the subject of an online survey. Around 58% said that the quality of domestic brands is at par with foreign brands. Also, 61% said that they are satisfied with locally-produced tech goods.
China's November non-manufacturing PMI slightly upDec 3, 2014
The services sector of mainland China slightly recovered in November, with the purchasing managers' index for the non-manufacturing industry going up 53.9. It was at 53.8 a month earlier, according to a report that the China Federation of Logistics and Purchasing and the National Bureau of Statistics released together on 3 December. A 50-plus reading shows expansion and a below-50 reading indicates contraction.
DHL to invest USD141m in ChinaNov 21, 2014
US-based DHL Supply Chain, the biggest contract logistics-service provider in the world, will put in another EUR113m (USD141m) in mainland China to boost its business there after experiencing double-digit growth in that country. This brings to EUR218 DHL's total investment in China including last year's investment. DHL Supply Chain Asia Pacific CEO Oscar de Bok said that in six years' time, DHL will have six more logistics hubs in Guangzhou, Hangzhou, Shenyang, Shenzhen, Wuhan, and the Shanghai Free-Trade Zone.
ADB inks USD300 loan with China's Sound GlobalNov 21, 2014
The Asian Development Bank signed an agreement worth USD300m with wastewater-treatment firm Sound Global Ltd of China intended to improve the country's wastewater-management capabilities. The funds will be utilised to help treat 240,000 tonnes of wastewater daily in some 100 towns by 2017. According to ADB, wastewater-treatment resources and sewage pipelines are not as abundant in the areas outside major cities in China, and this could pose a huge environmental threat to lakes, rivers, and underground aquifers.
China eyes USD16.3bn fund for new 'Silk Road'Nov 5, 2014
China is reportedly planning to earmark USD16.3bn worth of fund to finance the construction of a major road that will link the country to three continents, Bloomberg reported. The fund will be used to build and expand railways, roads and pipelines in Chinese provinces. The new Silk Road plan aims to revive the old Silk Road that boosted trade along the route. The report added that the fund will be overseen by Chinese policy banks such as China Development Bank.
Liqui-Box opens new plant in TaizhouNov 4, 2014
Liqui-Box, a US-based liquid packaging company, has opened a new factory in Taizhou, China to support its growing customer base in Asian markets. The new 120,000-sq.-ft. plant in Taizhou will serve customers in the dairy, beverage and food markets. The company manufactures packaging for the delivery of liquid and semi-liquid products. Liqui-Box chose Taizhou because of the area's proximity to the Shanghai port and Nanjing.
China-led consortium is only bidder for Mexican rail projectOct 21, 2014
An eight-member consortium that China South Locomotive and Rolling Stock Co and China Railway Construction Corp Ltd lead, was the sole group to present a proposal before the deadline for a high-speed passenger railway that will connect the cities of Mexico and Queretaro. According to Mexico's Ministry of Communications and Transportation, Queretaro is the country's aerospace-industry hub, so Mexico intends to have a railway line to serve over 23,000 commuters.
Toyota to recall 93,700 cars in ChinaOct 15, 2014
Tianjin FAW Toyota Motor Co, the Chinese joint venture of Toyota Motors, will recall up to 93,700 cars in China due to leaking brake fluid. The recall, which was announced by the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ), covers the Crown model sedans that were produced between 1 December 2009 and 14 June 2012. The GAQSIQ said the recall is necessary because the leaking brake fluid could impede the proper function of the cars' braking system.
Jin Air opens routes between Jeju and two Chinese citiesOct 3, 2014
Budget carrier Jin Air has opened two routes between Jeju in South Korea and China's Quanzhou and Xian. Jin Air, the first Korean budget carrier to fly to a Chinese city when it opened the Jeju-Shanghai route in 2011, launched the two new flights this month using the 189-seat B737-800 aircraft. As of 2013, the number of Chinese visitors to the resort island rose to 1.81 million, from 570,200 in 2011, the Jeju Special Self-Governing Provincial Tourism Organisation said.
Henan Provincial seeks to construct airport and expressway in CambodiaOct 2, 2014
China-based Henan Provincial Communications Planning Survey and Design Institute gave a proposal to build an airport and an expressway in Cambodia from the country's capital Phnom Penh to the airport. Henan Provincial Chairman Chang Xingwen met with Cambodia's Deputy Prime Minister Keat Chhon and proposed to construct an expressway from the city of Phnom Penh to the Phnom Penh International Airport by way of a build-operate-transfer scheme.
Airbus expects 4.7% Asian growth due to ChinaSep 26, 2014
Airbus, the European aerospace giant company, revealed on 25 September that it sees rapid growth in Asia's aircraft market because of a great demand especially in mainland China. According to its Global Market Forecast, Airbus' passenger traffic will go up 4.7% year-on-year from 2014 to 2033 with around 31,400 new passengers and freighter aircraft worth an estimated USD4.6tr.
China, Malaysia sign sister port partnershipSep 16, 2014
The Qinzhou Port in south China's Guangxi Zhuan Autonomous Region has become a sister port of Kuantan, a port city in Malaysia, after China and Malaysia signed an agreement as part of their goal to revive the ancient maritime Silk Road. The two ports will cooperate in various fields including shared shipping lines, logistics, information exchange and talent training, said Li Xinyuan, Qinzhou City mayor.
Chinese shipbuilding industry threatens South Korean dominanceAug 27, 2014
Chinese shipbuilders are launching a challenge to the shipbuilders in South Korea, currently the biggest shipbuilding nation in the world, with its strong government support and a boost in offshore oil acquisition, cheaper production costs, and more technical know-how. President Zhang Guangqin of the China Association of the National Shipbuilding Industry said that even though offshore engineering equipment like dredgers, drilling platforms, maritime crane ships and wind-power devices are getting more expensive to acquire and more complicated to manufacture, the growing worldwide demand for energy resources will keep orders for ships coming in.
China and Nepal to form airline JVAug 20, 2014Tibet Airlines of China, Nepal-based Yeti World Investment Co and HIF (Himalaya Infrastructure Fund) Aviation Investment Co have agreed to have Tibet Airlines enter the Nepalese market with the help of the two Nepalese air firms and start a new aviation company to be called Himalayan Airlines. The three parties formally signed their deal in the Nepalese capital of Kathmandu. The new firm will open direct flights from Kathmandu to Lasha and Kathmandu to Chengdu on the Airbus 319 and 320 aircraft.
UPS, FedEx get license to operate in BeijingAug 15, 2014
UPS and FedEx both confirmed that they have received licenses from the Chinese government to extend their domestic express package services to Beijing and other cities without forming a joint venture with local partners. The approval, as reported by Reuters, has been much awaited by the two US firms for years since a 2009 postal law in China largely restricted foreign firms in delivering packages from abroad. UPS now has 33 licenses in China, which means it now serves 33 cities, while FedEx has a total of 58 licenses in the country.
China procurement list excludes AppleAug 7, 2014
The government procurement list of mainland China does not include iPads and Macbook laptops from US-based Apple Inc. According to media reports citing unnamed sources, ten Apple products — including the iPad, MacBook Pro and MacBook Air — were not on the final list that was given to the officials last July. The models were on the June list drafted by the Ministry of Finance and the National Development and Reform Commission.
Non-manufacturing PMI slips in JulyAug 4, 2014Data from the National Bureau of Statistics and the China Federation of Logistics and Purchasing showed that China's official non-manufacturing purchasing managers’ index (PMI) dropped to 54.2 in July from 55.0 in June. The sub index for services fell to 53.2 from 53.5 in June and the sub index for construction fell to 58.2 from 60.6. The new-orders sub index for the entire sector was unchanged at 50.7. A PMI reading above 50 indicates an expansion in activity, while below 50 indicates contraction. The non-manufacturing PMI covers services including retail, aviation and software as well as real estate and construction.
First Beijing-Shanghai e-commerce delivery route launchedAug 1, 2014The very first train route specifically designed for e-commerce freight delivery running between Beijing and Shanghai was launched on 1 August. According to China Railway Corp, this marks the debut of rail services being opened to commercial clients. CRC signed deals with courier-service firms and the country's postal-service agencies that allow fast trains intended for e-commerce freight delivery to reach the Yangtze River Delta, Bohai Rim, and the Pearl River Delta.
China's top container ports see steady growthJul 18, 2014
Throughput at China’s top eight container ports grows 7.8% year-on-year to 11.51 million TEUs, higher than the 4.6% year-on-year growth seen in May, data released by Citi Research showed. A breakdown of the three port regions of China reveals that growth in the Yangtze River Delta grew the fastest at 12.1% year-on-year. Shanghai and Ningbo saw double-digit growth in June, with Shanghai recording an 11% improvement and Ningbo up an impressive 14.2% year-on-year, said Citi Research China analyst Vivian Tao.
Weaker renminbi troubles China's state airline firmsJul 15, 2014
The three biggest state-owned airline companies in China are believed to get weak H1 results in August due to the weakening renminbi, even though air traffic has consistently increased throughout the nation. Air China Ltd announced on 14 July that its H1 net gains could decline by as much as 65% because of the rising finance expenses on foreign-exchange losses. Air China posted an H1 net profit of Rmb1.12bn (USD180.4m) 12 months ago.
China exports up due to US demand boostJul 10, 2014
The volume of China’s exports went up in June because of an increase in consumer demand in the United States. The export growth rate did not impress some economists, while others put the blame on the results of alleged distortions in last year’s Chinese trade data that were utilised in the comparison. HSBC Holdings economist Ma Xiaoping said that the world demand recovery is still on target although the momentum is rather slow.
China’s international, regional routes up 9.8% in MayJul 4, 2014The flight passenger volume of mainland China went up 9.8% in May year-on-year, according to data that the Civil Aviation Administration of China released on 3 July. In the month of May, a record of 31.3 million passengers rode planes. An estimated 2.38 million of these were on international flights – a 16.4% increase from the same period last year. In May, 826,000 passengers rode on planes on routes from mainland China to Hong Kong, Macau, Taiwan and back, or a 17.7% year-on-year rise.
HK Express to expand mainland routesJun 26, 2014
Hong Kong's only low-fare airline, HK Express, announced that it will expand mainland routes as part of its plan to start more flights this year. Following the launch of daily flights to Kunming, the capital of Yunnan province, last October, the company will soon open its second route to the mainland – Ningbo, Zhejiang province. Starting from 1 August, the airline will operate five flights a week between Hong Kong and Ningbo, offering a flexible schedule for business and leisure travelers in Hong Kong and the Yangtze River Delta. HK Express deputy CEO Andrew Cowen said the company will recruit 300 new cabin crews by the end of 2015 to meet demand for its expansion plan.