Tianjin(GB)  |  Binhai(GB)  |  TJTV  |  Tianjin Free Trade Zone  | 

About Enorth.com.cn
  |  Chairman & President  |  Web Channels 
Home | News | Photo | Biz Tianjin | Travel in Tianjin | Learn About Tianjin | Talents in Tianjin | Binhai New Area

your position :enorth.com.cn > English > News > tianjin  content
'Ports will feel first effects of policies'
enorth.com.cn   2009-03-11 13:39



Cargo is loaded at Tianjin Port. Xinhua

(Chinadaily)China's ports will be the first to see the benefit of the government's macroeconomic regulation policies, with the effects expected to be clearly visible by as early as April, it was predicted yesterday.

Yu Rumin, chairman of the Tianjin Port Group, said business had already started to pick up in container transport, and there has been an unexpectedly high volume of imported ore.

The port handled nearly 8 million tons in January, he said, even more than the average 5-6 million tons in good years, he said.

"It is mainly because steel plants started to buy ore at a low price to make up for the high price they paid last year, and some smaller plants have run out of storage," explained Yu, who is also a deputy to the National People's Congress (NPC). "The growth should remain throughout the year."

The goal this year for Tianjin Port, the third largest in China for cargo handling, is to transport at least 360 million tons, 4 million tons more than last year, he said.

A record 12.8 billion yuan ($1.9 billion) will be invested to expand the port's navigation channels and build more docks, said Yu, who added: "We are confident we can make a profit. Usually, after the implementation of macroeconomic regulatory policies, no matter how tight or loose, the effects will show up in ports first within half a year."

Sadly, it works both ways, with the effects of the global financial crisis also being first seen at the ports, he said.

The impact, however, was softer for those in northern China, like Tianjin, than those in the south that relied more on exports.

The economic hinterland of Tianjin Port is not as developed in terms of low value-added industries and not as export-dependent as those in the Pearl River Delta, allowing it to achieved a 15-percent growth in cargo throughput and 19-percent growth in container transport last year, he added

To further reduce its reliance on exports, the port is now aiming to explore opportunities by opening new domestic shipping routes to Guangdong province and the Yangtze River Delta over the next 12 months, as well as raise its domestic container traffic from 30 to 50 percent, he said.

The group was also in negotiations to buy smaller ports in North China, he added.


Most Popular

Binhai heart to Tianjin's plans
Tianjin Tianlian to get 3b yuan injection
Tianjin: promoting the energy saving level through the optimization of structure and the improvement of awareness
Tianjin High-Tech Developmental Park improves independent innovation capacity
Tianjin builds 20 important service projects
Tianjin-Binhai Light Railway makes a breakthrough in passenger flow
Memory of An Jihe, Engineer of Tianjin Tiantie Group
Tianjin Railway Station Rebuilding Project to be finished in late 2007
Tianjin Petrochemical makes all-out to forge a state-level petrochemical base
Tianjin Binhai to attract foreign investment
Tianjin gives priority to the development of public transport
City card is available in Tianjin now
Tianjin Invests 14 Million yuan, Wuqing 180 Thousand Farmers No Longer Drink Fluoric Water
“General Director” Zhang Lili Wants to Build China’s Biggest Free Trade Zone
Tianjin: “Underwater Express” passing through Xidahu Lake

Editor: Zhang Jialu

Copyright (C) 2000-2008 Enorth.com.cn, Tianjin ENORTH NETNEWS Co.,LTD.All rights reserved