Monthly Archives: March 2019
China will unveil various measures to improve transport efficiency and lower logistics costs, according to a spokesperson for the transport ministry.
Vowing to see a notable increase in transport efficiency in the next
three years, the country will accelerate the construction of a comprehensive tra
nsport network, spokesperson Wu Chungeng told a news conference on March 28.
Efforts will also be made to expand the electronic toll collection system and promote multimodal transport, Wu said.
Meanwhile, the logistics costs are expected to be reduced by 120.9 billion yuan (about $17.97 bil
lion) in 2019, and a logistics service system in line with the country’s high-quality growth will be established over the next three years.
To fulfill such targets, the ministry will optimize transport struct
ure, upgrade rail, road and waterway transport systems and expand the network of logistics hubs, Wu said.
Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre
e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.
“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti
c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.
As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3
50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.
The future of the commercial aviation market in China is very exciting, Li said, and no othe
r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.
A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m
ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.
nsisting of 49 experts from institutes affiliated with the ministry and universities
, including Tsinghua University, to the site to help with the environmental aftermath from the explosion.
He also said the team has cut off the access of three rivers to Guanhe River, which empties into the sea, to prevent the pollution from spreading.
The three rivers inside the chemical industry park wer
e found contaminated soon after the blast. On Wednesday, an excessive amount of pollutants was still de
tected in two water bodies in the chemical park — the Xinfeng River and Xinnong River.
According to the Jiangsu environmental watchdog, the density of ammonia nitrogen in Xinfeng River reached 183 millig
rams per liter, 90.5 times higher than the national standard, at 10 am on Wednesday. The content of methylene chlor
ide in the river was about 15 times above the national standard with a density of 0.321 mg/L. The ch
emical oxygen demand in the water body stood at 343 mg/L, 7.6 times above the national standard, the watchdog said.
The watchdog also found an excessive amount of these pollutants in Xinnong River, though with much lower densities.
it is already a banking center in the European context, plus a clearinghouse. Also, Frankfurt has the Euro
pean central bank, which is now the regulator for all banks in Europe. So, the banks want to be closer to the major regulator,” Donoghue said.
As for asset management, insurance, and funds companies, Donoghue said, they are relocat
ing to Dublin because the city has a very broad and diversified set of capabilities in running funds and managing assets.
Andrew Pilgrim, associate partner at consultancy Ernst & Young, which is known as EY, sai
d it is probably not in the EU’s best interests to have financial services concentrated in one location.
“From policy and political perspectives, there is an argument to say that actually having a balanced financial sector across many EU jurisdi
ctions means that you have less risk concentrated in one jurisdiction,” Pilgrim said. “And it also means that you get a more balanced regu
latory and supervisory environment across all the EU member states, as opposed to all of that being focused on one.”