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 zerotariff 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 … [Read more...] about CHINA: China-ASEAN Free Trade Area on track
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CHINA: New Istanbul service for China’s Jade
Jade Cargo International has launched new flights to and from Istanbul, Turkey from end-October with regular scheduled twice weekly flights from Shanghai Pudong Airport to Istanbul Ataturk Airport with continuation to Amsterdam. The Turkish industrial capital figures prominently in Jade Cargo’s strategic vision and is a logical extension of its European services, said Su Xiufeng, executive vice president Finance and Corporate Affairs, Jade Cargo International. “Istanbul … [Read more...] about CHINA: New Istanbul service for China’s Jade
CHINA: Air China expands domestic and int’l routes
In step with the rapid recovery of the Chinese aviation industry over the past six months, Air China has announced that it will be expanding a number of its domestic and international flight routes. On the domestic side, Air China has launched four new routes and internationally the carrier has launched two new routes, one between Beijing International Airport and Tokyo Haneda International Airport, the other one between Hangzhou and Frankfurt. From 20 December, Air China will resume its … [Read more...] about CHINA: Air China expands domestic and int’l routes
CHINA: Air China Cargo starts Milan service
Air China Cargo has launched a new route between China and Milan Malpensa Airport. The new service will operate Shanghai, Beijing, Vienna, Milan Malpensa three times a week and is the carrier’s third cargo service between China and Europe, joining services from Beijing to Frankfurt and Copenhagen. Air China provides air freight service to 44 international destinations and to 81 cities across China, with a fleet of six B747-400 freighters, three B747-200Fs and a Tu-204C, along with … [Read more...] about CHINA: Air China Cargo starts Milan service
CHINA: China Southern aims for US cargo service
Guangzhou-based China Southern Airlines has applied to the Civil Aviation Authority of China (CAAC) to operate a new three-times weekly cargo service on the Shanghai Pudong- Anchorage-Chicago route by early next year. The carrier plans to use either B747-400Fs or B777s on this route. … [Read more...] about CHINA: China Southern aims for US cargo service
CHINA: China posts 8.9 per cent Q3 GDP growth
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-onyear in September, the highest rate of growth in more than 12 months, … [Read more...] about CHINA: China posts 8.9 per cent Q3 GDP growth