Government and Policy
China to enhance waterways on Yangtze River
Updated: 2011-03-07 06:59
(Xinhua)
WUHAN - China will further strengthen infrastructure construction on the Yangtze River over the next five years, hoping to provide better public service for freighters on the world's busiest freshwater river, authorities with the river's navigation administration said Sunday.
Major ports along the Yangtze River handled a total of 1.39 billion tonnes of cargo last year, up 22.3 percent compared with the previous year, recording the largest increase in the past five years, said Tang.
Also, the river's shipment volume of foreign trade goods expanded by 16.5 percent to 169 million tonnes in 2010 from one year earlier, he said.
Despite the rapid increase in foreign trade volume, analysts with the administration still fear that the growth rate might narrow in coming years as the rising labor cost, fluctuations in exchange rates, as well as international trade conflicts could disrupt foreign trade growth.
However, the traffic volume at the river will continue to increase in 2011 as the country is still expected to see an 8-percent GDP growth and the world economy will continue to recover this year, analysts said.
E-paper
Sindberg leaves lasting legacy
China commemorates Danish hero's courage during Nanjing Massacres.
Crystal Clear
No more tears
Road to the Oscars
Specials
NPC & CPPCC sessions
Lawmakers and political advisers gather in Beijing to discuss major issues.
Sentimental journey
Prince William and Kate Middleton returned to the place where they met and fell in love.
Rent your own island
Zhejiang Province charts plans to lease coastal islands for private investments
