[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
Recently, the waterway improvement project from Chaotianmen to Fuling in the upper reaches of the Yangtze River successfully passed the completion acceptance of the Ministry of Transport and was officially put into operation. After the rectification, the 4.5-meter deep waterway in the Three Gorges Reservoir area has been extended to the central urban area of Chongqing, and 5000 ton cargo ships can directly reach the main city of Chongqing all year round. The navigation capacity of the Yangtze River's golden waterway has been further improved, and the water transportation pattern in Chongqing has been substantially upgraded. Editor/Cheng Liting
Maersk recently announced the launch of a new direct shipping route from China to Australia, with weekly operations connecting Shanghai, Sydney, and Melbourne. The first flight is scheduled to depart from Shanghai on July 24th, with a port of call sequence of Shanghai Sydney Melbourne. Compared to existing routes, the new route can shorten transportation time by 4 to 9 days, with significant time advantages, providing a more efficient sea freight option for trade logistics between China and Australia. Editor/Cheng Liting