FedEx sets up 2nd operating station in Yizhuang, China
The first joint venture in China for the US-based FedEx with the Tianjin-based Datian W. Air Service Corporation, announced that the second ground operating stationat Yizhuang, Beijing, had officially started working. FedEx is the world largest express transportation company. This ground operating station was built at Yizhuang developmentzone in Beijing, occuping 1,500 square meters, and equipped with 25 express transporting vehicles. It covers the south of Chaoyang Road, Beijing. The services of FedEx will be spreaded to the south of Beijing such as Tongzhou and Daxing developmentzone, so as to gain an increase of market share in Beijing express transportation markets. “The Yizhuang development zone, with average production value per hectare reaching CNY 198 million (USD 1 = CNY 8.2771), is the important economic growth point in Beijing”, said Zhong Guoyi, general manager of Federal Express-DTW Co., Ltd. According to the forecast made by the related departments, Beijing’s GDP (Gross Domestic Product) growth will be 10.8% to 11% in 2004. Circulation industry has become a main force boosting the economic increase in Beijing.
