
China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
Logistics
Airfreight rising faster than seafreight: Toll
Expressing sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a rebound beginning in the fourth quarter this year. "Interestingly we've probably seen more interest in airfreight than seafreight," Little said speaking on ABC's Inside Business program. "Airfreight, of course, is a direct result of people trying to … [Read more...] about Airfreight rising faster than seafreight: Toll
China-ASEAN Free Trade Area on track
The Chinese Vice Premier has reaffirmed his country's commitment to going beyond the China-ASEAN Free Trade Area (CAFTA) which is set to come into effect on January 1, 2010 in developing comprehensive economic cooperation in the Asian region. This agreement will provide a zero-tariff policy on 90 per cent of the products traded between China and ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Once CAFTA takes … [Read more...] about China-ASEAN Free Trade Area on track
German government to lift night restrictions
German Chancellor Angela Merkel’s new coalition will ease rules that limit night flights to help companies including Deutsche Lufthansa AG and Fraport AG stay competitive, a senior coalition lawmaker said, according to a Bloomberg News report. Merkel’s prospective alliance of her Christian Democrats and the Free Democrats will curtail powers that Germany’s 16 states have to restrict night flights, Hans-Peter Friedrich, the deputy leader in parliament of … [Read more...] about German government to lift night restrictions
DHL launches life sciences centres in Singapore & India
DHL has announced a US$15 million investment in three Life Science Competence Centers to fulfill what it says is the growing demand for higher levels of quality compliance. Located in Singapore, Mumbai, and Hyderabad, the centres will bolster DHL’s logistics capabilities for the Life Science industry in the region. The company also announced the launch of the DHL Global Forwarding Aid & Relief Logistics unit in Asia Pacific based in Singapore. Drawing on DHL’s expertise in … [Read more...] about DHL launches life sciences centres in Singapore & India
DHL launches life sciences centres in Singapore & India
DHL has announced a US$15 million investment in three Life Science Competence Centers to fulfill what it says is the growing demand for higher levels of quality compliance. Located in Singapore, Mumbai, and Hyderabad, the centres will bolster DHL’s logistics capabilities for the Life Science industry in the region. The company also announced the launch of the DHL Global Forwarding Aid & Relief Logistics unit in Asia Pacific based in Singapore. Drawing on DHL’s expertise in … [Read more...] about DHL launches life sciences centres in Singapore & India
