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Major transport projects completed with more to come in 2025

China

China

China

Major transport projects completed with more to come in 2025

2024-12-28 01:28 Last Updated At:04:17

China has smoothly launched and completed a batch of major transport projects this year, with another batch to come next year, as the Ministry of Transport has expanded its investment in transport infrastructure, said an official of the ministry in Beijing on Friday

Wu Chungeng, chief planner with the ministry, said that this year has witnessed remarkable progress in transport infrastructure development, including the completion and operation of two cross-sea mega projects enhancing connectivity in the Greater Bay Area.

One is the Shenzhen-Zhongshan Link, which forms part of the region's "one-hour traffic circle," while the other is the Huangmaohai Cross-Sea Passage, which is an extension of the Hong Kong-Zhuhai-Macao Bridge.

This year has also seen the opening of the Chizhou-Huangshan High-speed Railway in east China's Anhui Province, and the full operation of the Yinshan-Kunming Expressway, which serves as a vital north-south corridor in China's highway network, according to Wu.

Additionally, the construction of waterway transport projects, including the Pinglu Canal in south China's Guangxi Zhuang Autonomous Region and the Xiaoyangshan North Operation Area container terminal in Shanghai, has been stepped up, he said.

Meanwhile, the waterway improvement project of the Jingjiang section waterway in the middle reaches of the Yangtze River started construction this year, he added.

Wu said the ministry is formulating plans for new transport projects in 2025 to improve the national comprehensive transport network, the Yangtze River Economic Belt's transport network, the new western land-sea corridor, intercity connectivity and commuting efficiency, inland waterway systems, and coastal port facilities.

The ministry will also guide local governments to speed up preparations, including securing funding and resources and streamlining approval process, for the implementation of major projects, he said.

Major transport projects completed with more to come in 2025

Major transport projects completed with more to come in 2025

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Global trade friction level remains elevated in October

2024-12-28 15:22 Last Updated At:16:07

Global trade frictions remained at an elevated level in October, data from China's trade promotion body showed Friday.

The Global Economic and Trade Measures Index (GETMI), introduced by the China Council for the Promotion of International Trade (CCPIT), stood at 102 in November, with both year-on-year and month-on-month figures declined, but still remained at a high level, said a CCPIT spokesman during a press conference in Beijing on Friday.

"In terms of sub-indexes for all the 20 countries and regions under the monitoring scope, the United States, India, and Mexico were the top three countries with the highest trade friction indexes, and the United States' global economic and trade friction measures involved the largest amount of money," said Sun Xiao, the CCPIT spokesman, during the press conference.

Judged by the sub-indexes of industries, the electronics industry ranked first among the 13 major industries under monitoring, and enterprises in this field are advised to pay close attention to the economic and trade policy dynamics of relevant countries and regions, and take precautions and respond in a timely manner, according to the spokesman.

Global trade friction level remains elevated in October

Global trade friction level remains elevated in October

Global trade friction level remains elevated in October

Global trade friction level remains elevated in October

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