East China's Hangzhou City in Zhejiang Province opened a new cargo flight route to Los Angeles on Tuesday, a stimulus to goods flow of cross-border e-commerce industry.
The opening of the new airline route was marked by a cargo flight taking off early Tuesday and heading toward the city in western United States with 105 tonnes of goods on board. Nearly 40 percent of the loaded goods were from the cross-border e-commerce industry.
It is the fourth cargo flight route opened by airports in Hangzhou since the beginning of this year after the city opened routes to Miami, Vancouver, and Osaka.
Altogether, airports in Hangzhou now have 16 cargo flight routes that are operated on a normal basis and over 100 cargo flights are operated weekly.
"Previously, goods need to be transferred and it took at least four days for them to arrive in western U.S. from Hangzhou. The new route can reduce the transportation time to 48 hours and because it is a direct flight route, the cost will be reduced further," said Jiang Ying, head of a logistics company.
Hangzhou opens new cargo flight route to Los Angeles
Hangzhou opens new cargo flight route to Los Angeles
The total profits of light industrial enterprises above the designated size in China (firms with annual business revenue of at least 20 million yuan) exceeded one trillion yuan (about 138.67 billion U.S. dollars) in the January-September period, according to the China National Light Industry Council.
Driven by supportive policies aimed at boosting the consumption, such as consumer goods trade-in programs, China's light industrial economy has been operating smoothly. The domestic and foreign trade markets are expanding steadily, and investment is recovering rapidly.
In the first three quarters, the operating income of light industrial enterprises above the designated size reached 16.52 trillion yuan, with profits totaling 1.02 trillion yuan, a year-on-year increase of 7.2 percent.
Among them, the output growth rates for household freezers, air conditioners and refrigerators stood at 14 percent, 8 percent, and 7.5 percent, respectively, and industries such as papermaking, batteries and furniture saw profits maintaining a double-digit growth.
The market size of light industry expanded steadily, with exports reaching 682.16 billion U.S. dollars, up 2.6 percent year on year.
Profits of China's light industrial enterprises above designated size exceeds one trl yuan in Jan-Sept
