Li Ka-shing, Asia’s richest man, dominates half of the capacity at Hong Kong’s port, where a two week-long strike threatens to send traffic to Shenzhen. That won’t hurt Li. The billionaire controls that port as well.
China’s government is pledging openness in divulging details of a deadly bird flu outbreak, saying it won’t repeat mistakes made during the SARS outbreak a decade ago that delayed response to the global contagion.
Three towns in China’s export hub of Guangdong province raised annual growth targets by as much as 5 percentage points as they seek to counter local weakness while other regions aim for slower, more-sustainable expansion.
As OOCL London entered the English Channel in early February, the 323-meter vessel owned by Hong Kong’s biggest container line was forced to switch from burning the black sludge known as bunker oil to less polluting fuel. That wasn’t the case in the ship’s home harbor last week.
The Guangdong provincial government plans to spend 1.98 trillion yuan to build transportation, energy and water systems and on information technology projects in the Pearl River Delta zone by 2020, Xinhua News Agency reported, citing a local government plan.