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China boasts 52 world-class fully automated terminals: vice minister

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China

China

China boasts 52 world-class fully automated terminals: vice minister

2024-12-27 17:38 Last Updated At:12-28 03:17

China has built 52 fully automated terminals, with the application scale, operating efficiency and technical level ranking among the top in the world, said Vice Minister of Transport Li Yang in Beijing on Friday.

Speaking at a press conference, Li said that China's Shanghai Port became the first port in the world to achieve an annual container throughput exceeding 50 million twenty-foot equivalent units (TEUs) on Dec. 22, a breakthrough signifying that China's port development has reached a new height.

"The operation efficiency, service level and service capacity of China's ports are world-class. I would like to take the port operation efficiency as an example. In China, the average in-port period of an international cargo ship is 1.42 days, and the berth period of an international cargo ship is 0.87 days. From January to November this year, the ports in China completed a cargo throughput of 16.04 billion tons, with the throughput in the entire year expected to reach 17.5 billion tons, a year-on-year increase of 3.4 percent. In the first 11 months, China's container throughput reached 300 million TEUs, a year-on-year increase of 7.3 percent," he said.

China has been investing in and constructing a number of major port projects, including the largest commercial vehicle roll-on and roll-off terminal on the Yangtze River, built in the Taicang Port in Suzhou City of east China's Jiangsu Province, as well as inland port terminals in Chongqing and Anhui, according to Li.

"So far this year, China's investment in port construction has remained high. From January to November, the investment in ports reached 122.3 billion yuan (about 16.76 billion U.S. dollars), a year-on-year increase of 6.9 percent. The function of ports as hubs linking land and water transport has been further strengthened. China's maritime connectivity has always maintained a global lead, thanks to the improvement of port service capabilities and port network set-up in the country. Besides, China has been accelerating the development of port rail-water transport. From January to November, the volume of intermodal rail-water freight reached 10.63 million TEUs, a year-on-year increase of about 15 percent," said Li. "China has been accelerating green and smart transformation of the ports across the country. The clean energy utilization rate of trucks that transport containers in China's 11 international hub seaports has exceeded 60 percent, and the green transportation rate of bulk cargo such as coal and ore in major coastal ports has exceeded 85 percent, which has played a significant role in purifying the air of ports and surrounding cities. China has built 52 fully automated terminals, with the application scale, operating efficiency and technical level ranking among the top in the world," he said.

China boasts 52 world-class fully automated terminals: vice minister

China boasts 52 world-class fully automated terminals: vice minister

China will roll out a series of targeted measures to stabilize investment and unlock greater space for private capital, an official said on Thursday.

Chen Changsheng, deputy director of the State Council Research Office who participated in the drafting of this year's Government Work Report, made the statement at a press briefing held in Beijing.

He noted that China will leverage the guiding role of government funding and the driving effect of major projects to shore up investment.

Total government investment this year is set to exceed five trillion yuan (about 725 billion U.S. dollars), which will come from central budget investment and local government special bonds for major national strategies and security capacity building projects and equipment upgrades. Meanwhile, 109 major projects have been planned in the draft outline of the 15th Five-Year Plan (2026-2030).

China will also stimulate investment by opening up more application scenarios for businesses.

On the traditional front, a long-term mechanism will be improved to encourage private enterprises to participate in major national projects. For emerging sectors, China will further open scenarios in biomedicine, aerospace, and the low-altitude economy.

"Low-altitude economy has developed rapidly in recent years, with sound applications seen in fields such as agriculture, forestry plant protection, as well as surveying and inspection. Going forward, we will accelerate the opening of airspace resources and streamline approval procedures for low-altitude flights. This will unlock new scenarios including low-altitude logistics and urban management. Similar new opportunities can also be found in service robots and other sectors, all of which will create new space for private investment," Chen said.

By deepening reforms to further unlock investment potential, China will ease market access in the service sector, speed up revisions to the Bidding Law and the Government Procurement Law, and advance price reforms to broaden investment access for more enterprises.

"We will see a new round of investment potential unleashed. Major projects including the national water network, a new round of power grid upgrades, new generation communication networks, and computing power networks will drive massive investment, including demand from urban development. In addition, the campaign this year to expand and upgrade the service sector and the development of emerging industries will further expand space for private investment," Chen noted.

China to take measures to boost investment, expand space for private investment in 2026: official

China to take measures to boost investment, expand space for private investment in 2026: official

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