Landmark China-US deal opens up air cargo market –
Landmark China-US deal opens up air cargo market –
Read MoreTag: China
Three options for reforming Chinese postal savings bureau
China’s financial authorities are weighing plans to split the country’s postal savings bureau, despite resistance and internal struggles. The decision-makers basically have three options, each with pros and cons, which require careful scrutiny. First, the authorities can transform the bureau into a bank. The China Postal Savings and Remittance Bureau (SPSRB), the holding company of the nationwide postal savings services, has said it hopes to become a wholesale lender. Second, authorities, as suggested by some government-affiliated think-tanks, can restructure the bureau into an investment fund. Such a system has been tested in Taiwan and Japan. Third, the government can privatize the bureau’s branches and offices into independent community banks that offer basic financial facilities for local residents.
Read MoreLandmark US-China air pact to boost international trade
FedEx, UPS and American Airlines have welcomed the bilateral aviation agreement between the US and China, which extends through 2010, and provides 111 new weekly US-China flights for US cargo airlines. The US DoT will be responsible for allocating the new flights, the first of which will be available in August. The new agreement contains a key provision that allows US cargo carriers to establish hubs in China once specific criteria are met. The agreement also includes provisions for a 500% increase in cargo capacity between the two countries and underscores the increasing globalisation of commerce and benefits of bilateral trade.
Read MoreDHL launches marketing campaign in Asia-Pacific region
DHL has announced a marketing campaign that will run simultaneously across all DHL markets in Asia-Pacific. The campaign is aimed at reinforcing the company’s leading position in the region. The initiative underlines the growing importance of Asia-Pacific in DHL’s global business portfolio. The region is DHL Express’ fastest-growing market to date. It has registered strong, double-digit growth in recent years.
Read MoreNew agreement recognises booming international trade between US and China
FedEx Corporation congratulates the United States and the People’s Republic of China on the new aviation accord signed by government officials from the two countries.
“This new agreement will boost international commerce,” said Michael L. Ducker, executive vice president, International for FedEx Express. “This marks a big step for China in sustaining its robust economic development by establishing stronger international trading links. These new flights will greatly enhance the ability to connect customers all over the world with the dynamic Chinese marketplace.”
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