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Logistics sector gets boost

Business | Logistics
2011-8-20

THE State Council, China's Cabinet, issued new guidelines yesterday to promote the healthy development of the country's logistics industry. China will reduce tax burdens on logistics firms, give further favorable...

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Investment in rail building derails 26%

Business | Logistics
2011-8-18

CHINA'S rail construction investment slumped 26 percent last month after a deadly high-speed train collision prompted officials to suspend approvals for new projects and impose more safety checks. Spending on...

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DHL enlarges warehousing capacity to tap China's logistics growth

Business | Logistics
2011-8-8

GLOBAL logistics company DHL will expand its warehousing facilities by one-third to tap into China's growing supply chain market after it got rid of its money-losing domestic express business. DHL plans to add...

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CSR delays meeting to raise funds

Business | Logistics
2011-8-4

CHINA'S largest train maker CSR Corp has delayed a shareholder meeting to vote on its 11 billion yuan (US$1.7 billion) fund-raising plan following the fatal train crash last month in Wenzhou in Zhejiang Province. ...

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Rail officials work at firms without consent

Business | Logistics
2011-8-4

A Ministry of Railways official said to have worked for a number of other firms in addition to his ministry role has been named in a media report as Wu Jianzhong, the ministry's information and technology center director....

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Vow to ensure safety of trains

Business | Logistics
2011-8-4

CHINA'S railway ministry said it will ensure "absolute safety" in the operation of its high-speed trains after a deadly train crash last month claimed 40 lives and injured 191 others. The Ministry of Railways...

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CSR's US$1.1b order

Business | Logistics
2011-7-28

CSR Corp yesterday announced orders worth 6.89 billion yuan (US$1.1 billion) to supply railway stock in China and overseas. The contracts include the sale of 3.13 billion yuan of rapid transit vehicles to Nanjing...

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Railway suppliers hire ex-officials

Business | Logistics
2011-7-27

THE devastating bullet train crash has cast more questions on senior managers at the Ministry of Railways as media reports said many executives of the ministry's suppliers are former senior officials. Meanwhile,...

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Courier companies face extra charges

Business | Logistics
2011-7-22

COURIER companies may face extra fees because the State Post Bureau and the Ministry of Finance are considering imposing them to get revenue which will be used to subsidize the state-run postal service. The two...

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Delivery firms closed in crackdown

Business | Logistics
2011-7-21

THE State Post Bureau of China closed down 73 unlicensed express delivery firms during the first half of its year-long crackdown on irregularities in an industry dominated by small private companies. The bureau...

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Deutsche Post sells express service

Business | Logistics
2011-7-19

DEUTSCHE Post AG has sold its money-losing domestic express delivery service on the Chinese mainland and will focus on international business in future. It blamed fierce competition and a change in the law for...

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Service with a smile on fast track to the capital

Business | Logistics
2011-6-30

WHISTLING pass fields, rivers, mountains, tunnels and buildings on the new Shanghai-Beijing high-speed train gives one time to sit back and contemplate all the hoopla that has surrounded the launch of China's biggest...

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Profit concerns for high-speed line

Business | Logistics
2011-6-30

CHINA'S Ministry of Railways said this week that it expects only a "slight profit margin" from the operation of the Beijing-Shanghai high-speed railway and won't break even "in the short term." But the ministry...

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56 express firms suspended

Business | Logistics
2011-6-24

THE State Post Bureau of China has suspended 56 unlicensed express firms from operation as it continues its efforts to clean up the industry. The bureau uncovered 589 irregularities from March 1 to April 30, censored...

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Logistics sector receives some help

Business | Logistics
2011-6-15

CHINA is a big producer of goods, but the supply chain that moves them from point of origin to point of consumption has long been riddled with bottlenecks, fragmentation and a patchwork of rules and taxes. The...