.contact us |.about us

Highlights ... ...
Search:
    Advertisement
Law change allows foreign companies controlling stakes in ports
( 2003-08-06 16:35) (Xinhua)

A US company has just contracted with east China's Lianyungang port for a 51 percent share of its Xugou project, heralding a law change allowing foreign companies to hold controlling stakes in Chinese ports.

Latest investment guidance for foreign capital issued by the Chinese government has ended a regulation limiting foreign ownership of ports to less than 50 percent, said the Ministry of Communications here Tuesday.

The move is expected to unleash a new tide of investment in China's ports, said Wang Jinwen, director of ports administration of the ministry's shipping department.

The investment by the US United Yield International Limited in Lianyungang is another step following the joint investment by two world shipping giants, A.P. Moller Maersk Group of Denmark and P & O of Britain, to East China's Qingdao port this year.

The US United Yield International Limited is a 51 percent shareholder in the Xugou project, while the Lianyungang Port group and two other Chinese companies hold the remaining 49 percent.

Wang said ports were the earliest section among China's infrastructure construction to open to foreign capital, with its first foreign-founded project launched in 1979. The Chinese government would encourage foreign capital to participate in China 's ports construction and operation.

Wang said the new investment guidance not only allows for foreign capital holding shares in China's ports construction, but also for wholly foreign-founded projects.

There are some cases of foreign capital holding more than 51 percent in China's port projects, but no reports of wholly foreign- founded port projects in China, said Wang.

Wang said that with China's entry to the World Trade Organization (WTO) and its further opening policy, the Chinese government has realized that overseas investment can not only help speed port construction, but also to improve the capacity of China 's ports.

Currently, over 90 percent of China's foreign trade and half of the country's domestic transport goes through ports. The number of containers handled by Chinese ports has maintained an annual growth rate of 30 percent in the past decade.

In 2002, the number of containers handled by Chinese ports amounted to 37 million TEUs, about 30 times the volume of 1989. China hopes to increase the capacity of its national ports to 3 billion tons by 2010, with the number of containers to hit 100 million TEUs.

So far, the Chinese government has invested more than 100 billion yuan on ports and inland waters.

Wang said more Chinese ports were using foreign capital and other financial resources, and the new law on ports has for the first time given equal treatment to state-run, private and foreign- funded ports in China.

The Chinese government would also issue a series of regulations on overseas investment in China's ports, which will help ensure the sound operation of foreign capital in China's port construction and operation.

Wang expressed his hopes that with the expanded investment channels and improved service level, China's ports will be further opened to foreign capital in the coming years.

   
Close  
  Go to Another Section  
     
 
 
     
  Article Tools  
     
  E-Mail This Article
Print Friendly Format
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 91在线亚洲精品专区| 久热中文字幕无码视频| 99精品欧美一区二区三区 | 精品72久久久久久久中文字幕| 在线中文高清资源免费观看| 乱码在线中文字幕加勒比| 精品国偷自产在线视频99| 国产精品国产亚洲精品看不卡| maomiav923| 暖暖直播在线观看| 亚洲最新中文字幕| 亚洲精品高清国产麻豆专区| 精品brazzers欧美教师| 国产香港日本三级在线观看| 久久久久久久99精品免费观看| 特级黄色一级片| 午夜爽爽爽男女污污污网站| 亚洲成a人v欧美综合天| 国产高清免费在线观看| aⅴ免费在线观看| 日本一道高清一区二区三区| 亚洲精品无码乱码成人| 精品一区二区三区电影| 噜噜影院无毒不卡| 亚洲男人的天堂久久精品| 国产高清在线免费视频| 99精品在线看| 天天躁夜夜躁狠狠躁2021| 久久精品九九热无码免贵| 激情欧美人xxxxx| 免费精品无码AV片在线观看| 国产一区二区三区影院| 国产精品国产自线拍免费软件| 91成人高清在线播放| 成年人在线播放| 亚洲bt欧美bt精品| 疯狂做受xxxx高潮不断| 国产国产午夜精华免费| 97精品伊人久久大香线蕉| 成在人线av无码免费高潮水| 久久久久久久伊人电影|