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16 CILTWorld issue 9 FOCUS ON CHINA Power-house China’s economy surges – up 9.1% China continues to be a power-house of world trade, and of logistics and transport requirements CHINA'S FACTORIES hit their fastest growth rate in eight months in October2003 as sectors such as electronics and machinery kept the world's sixth-biggest economy steaming ahead. Industrial output in October was 17.2% higher than a year earlier, accelerating from the 16.3% rise in the year through September. The State Statistical Bureau said China's exports to the rest of the world surged by over 36%. Chinese exports hit $40.93 billion (£24.8bn) in October and imports rose an annual 39.7% to $35.19 Shenzhen Port growth overtakes Hong Kong SHENZHEN Port overtook Hong Kong's Kwai Chung Terminal with a total container throughput of 1.029 million TEU (20ft equivalent units) in October, 2003 – the third consecutive month that Shenzhen’s throughput topped the one million mark Initial figures put Hong Kong's Kwai Chung Terminal at 1.025 million TEU in October, about 5,000 TEU less than Shenzhen’s, and the fifth consecutive month that Kwai Chung has recorded a drop in container throughput. For the first 10 months of the year, Shenzhen’s total throughput was 8.68 million TEU, up 39.82% over the same period last year. Yantian accounted for 4.31 million TEU, up 25.9%; Chiwan had 1.31million TEU, up 40.7%, and Shekou handled 1.24 million TEU, an increase of 77.7%. According to Prof. Zheng Tian-xiang of Hong Kong, Macau and Pearl River Delta Research Centre at Zhongshan University, Shenzhen is on the way to increase its total annual capacity to 32 million TEU, well ahead of Hong Kong's 19 million TEU. New logistics hub for China-Japan food trade A JOINT VENTURE between Japan’s i-Logistics and China's Shandong International Transportation Corp. is to open a newly completed large-size refrigerated warehouse in the hinterland of China's Qingdao port. The warehouse will act as an integrated logistics hub, mainly handling food trade between China and Japan. Shandong Province is a major agricultural centre in China, handling the largest volumes of reefer containers in China. billion (£22.9bn), according to China’s Customs service. Factory output, driven by exports and investment, showed China’s economy grew 9.1% between the third quarters of 2002 and 2003. Overall, industrial output in the first 10 months of 2003 was 16.7% higher than a year earlier. Personal computer output in October 2003 was twice as great as a year earlier while production of other kinds of computers rose nearly 58%. Output of home appliances such as ovens and microwaves soared more than SHANGHAI is now the third-largest container port in the world, after Hong Kong and Singapore and expects to handle 11 million TEU in 2003, exceeding its own authority’s earlier predictions which put the figure at 10 million. The port of Shanghai has already handled more containers this year than the 8.61 million TEU in 2002, 50% while steel production climbed 25%. In the United States there were complaints of jobs losses in manufacturing being caused by China's fixed exchange rate regime, with claims that an undervalued yuan currency gives the world's fifth largest trading nation an unfair export advantage. While China's exports boomed during 2003, imports have also soared as the country bought huge amounts of raw materials and components to keep its industries going. Shanghai now third largest container port in world which was a record figure at that time. According to the Chinese Ministry of Trade, that total was exceeded on 14 October 2003. Hong Kong and Singapore are still much larger container ports, but the Chinese government plans to boost Shanghai’s position with major investments over the next few years.
Australians focus on China’s supply chains AUSTRALIAN logistics companies are making their presence felt in China, exploiting a sector trying to keep up with the country's economic expansion. Tennant Ltd is increasing its physical presence in China with two new distribution centres, which has opened a multi-million-dollar installation in Shanghai, complete with warehousing facilities, cranes and container loading. The company is also due to establish another centre in Tianjin, the closest seaport to Beijing. Tennant started nine years ago with a distribution centre in Guangzhou, and now claims a $100 million turnover in China, where it moves between 500,000 and 700,000 tons of products each year. The company specialises in transporting chemical products to, from, and within China by road, rail and ship, and provides Beijing new airport plan BEIJING, China’s capital – which is to host the 2008 Olympic games – has unveiled plans for a $2 billion airport terminal designed by architect Sir Norman Foster. The British firm, Foster and Partners, called their sleek creation a “modern gateway” to the Chinese capital. In a ceremony, Civil Aviation Administration Vice- Minister Yang Guoqing pronounced Foster’s firm winners of an international competition to build the 16 billion yuan ($1.93 billion, £1.18bn) project. Foster and Partners, in a statement on its web site, said their design as user-friendly and energy-saving. The structure’s “soaring aerodynamic roof reflects the poetry of flight as well as being evocative of traditional Chinese colours and symbols,” it said. “All passengers will enjoy the fully glazed single lofty space, daylit through rooflights and bathed in colour changing from red to yellow as you progress through it.” Beijing Capital International Airport Co. announced in September 2003 that the government had approved a 16.7 billion yuan expansion plan. The airport’s last makeover came in the form of a minimalist new terminal that opened in 1999. But with traffic at China’s busiest airport expected to more than double to 60 million passengers per year by 2015, from 27.5 million in 2002, a vast new terminal is needed. Foster is collaborating on the project with British engineering company ARUP, an alliance that also forged the Chek Lap Kok International Airport in Hong Kong. They will team up with the Beijing Institute of Architectural Design and Research as China requires foreign architects to work with local partners. Construction is set to begin in 2004 and be completed by 2007, the Beijing Evening News said. supply chain management. According to Tennant’s MD, Stephen Wolfe, and other observers, logistics is an under-developed field in China, causing hassles for companies doing business there but creating opportunities for logistics providers prepared to solve them. Another Australian logistics company operating in China is Adelaide-based Pulse Logistics Systems. But expansion into China is not limited to Australian companies. Fedex Express recently announced it would create a special operation to handle China. “It's one of the fastest growing markets around the world,” said Rhicke Jennings, Fedex MD for Australia, New Zealand and the Pacific. BILATERAL trade between China and Singapore reached US$16.89 billion in the first 10 months of 2003, an increase of 28.7% over the same period last year, according to China’s Ministry of Commerce. China’s imports from Singapore were up 40.8% at $7.96 billion, CILTWorld issue 9 17 FOCUS ON CHINA Cathay sets cargo record Further confirmation of the growth in China came from Cathay Pacific Airways, whose traffic figures for October 2003 showed an all-time record for one-month cargo shipments. Cathay said it carried a record 5,651 tons in September, a 2.4% increase year-on-year. The airline’s General Manager (Cargo) Kenny Tang said that October's record figures show that “Hong Kong's export market remains robust, particularly on trunk routes to the US, Europe and Japan.” Cathay Pacific also carried 1,017,884 passengers in October, 2003, up from 951,703 passengers in September, though down 3.5% year-on-year. China-Singapore trade expected to exceed $20bn while exports to Singapore were up 19.5% at $8.92 billion. The ministry quoted forecasts from Singapore predicting that bilateral trade between the two countries would pass the US$20 billion mark by the end of 2003.
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