The inland-ocean boundary line at the Pinglu Canal in south China's Guangxi Zhuang Autonomous Region, a core component of the New International Land-Sea Trade Corridor, was released on Friday.
According to the Guangxi Maritime Safety Administration and the Guangxi Department of Transportation, the vertical projection line of the south edge of the bridge deck of the Qinjiang Bridge is demarcated as the reference axis, with the north side of the line determined as the inland water area, and the south side as the sea area.
The bridge is on the G75 Expressway from Lanzhou City in northwest China's Gansu Province to Haikou City in south China's Hainan Province.
The 134.2-kilometer canal is scheduled to be fully navigable in September this year.
Upon completion, the canal would wind its way across Nanning and Qinzhou of Guangxi until it reaches the Beibu Gulf. It is expected to serve as an artery for river-sea inter-modal transportation in the southwestern part of the country.
Inland-ocean boundary line demarcated for Pinglu Canal
U.S. stocks and global gold prices plummeted while crude futures surged after U.S. President Donald Trump announced a naval blockade of the Strait of Hormuz on Sunday.
Trump said in a post on Truth Social that the U.S. Navy would begin blocking ships trying to enter or leave the Strait of Hormuz, after peace talks with Iran failed to produce a deal.
U.S. stocks market reacted strongly to his announcement, with futures of Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index nosediving by over 1 percent.
Meanwhile, global gold prices also tumbled. June gold futures on the New York Mercantile Exchange fell below 4,700 U.S. dollars per ounce, with losses at one point exceeding 2 percent.
The oil prices, on the contrary, rose significantly. As of 6:50 a.m. Beijing time on Monday, the West Texas Intermediate futures for May delivery soared 8.13 percent to settle at 104.42 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude futures for June delivery increased 7.52 percent to settle at 102.36 U.S. dollars a barrel on the London ICE Futures Exchange.
U.S. media reported that the failure of Iran-U.S. peace talks concerns the market, as the war could last longer than expected, which will further push up the oil prices and put more pressure on global economy.
US stocks, gold prices plunge as crude futures surge after Trump announces blockade of Strait of Hormuz
