Chongqing to become major inland shipping hub
June 7, 2012 Category Inland river transport, Logistics
“During the 12th Five Year Plan period [from 2011 to 2015], our city will invest CNY20 billion to accelerate the development of Chongqing as an upstream shipping center along the Yangtze River,” said senior Chongqing transport official Teng Hongwei at a seminar. The city’s goal of becoming a major shipping hub along the upper Yangtze river should be accomplished by 2015, Teng added. Last year, Chongqing’s river trade reached 120 million tons. “The Yangtze river will be a very important trade channel. With the shift of manufacturing to Western China from coastal regions, more goods will pass through the Yangtze to Shanghai, where they will be exported,” said Li Zhongjie, Logistics Director of Wuhan International Container Transshipment. In April, Chongqing’s external trade skyrocketed 141% to USD13.5 billion, with exports jumping 188.6% to USD9.3 billion and imports soaring 77% to USD4.2 billion, making it the Chinese city with the fastest growth in trade. In the first four months of this year, Chongqing’s land-cargo traffic rose 74.5% to 13,811 tons, while its air freight leaped 107.3% to 29,809 tons.
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