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The Yangtze Delta Iron Triangle

On the west shore of Taihu Lake in Yixing (宜兴), Jiangsu, Cheng Chao (程超) sits clasping a purple clay tea pot as he looks on at the misty Hengshan (横山) Reservoir with anticipation. 

Within just the past few years, resorts and convention centers have sprouted up around the reservoir playing on the area’s well-known Dajue Temple. It’s all part of a drive to build the Yunhu (云湖) scenic area in preparation for the new Nanjing-Hangzhou high-speed railway.

Cheng Chao owns a tea house in Hangzhou and now he’s planning on opening a branch in Yunhu in order to get closer to Yixing’s tea plantations and resources. But more importantly, he believes that after the Nanjing-Hangzhou high-speed railway opens at the end of June, Yixing, which lies right between the two cities, will become a very popular tourist destination.

Read more: The Yangtze Delta Iron Triangle

Happy Father’s Day

This year’s Father’s Day falls on June 16. In a kindergarten in Haishu District, kids are having fun by taking part in all kinds of activities with their fathers.

Ningbo’s foreign trade volume ranks high

The latest statistics from Ningbo Customs show that in the first five months of 2013, the import and export volume via Ningbo Port amounted to $82.9 billion, an increase of 2.9%, ranking No.7 among all the ports in China.
The EU and the United States remain the main trading partners of Ningbo Port, with the trade volumes standing at $13.48 billion and $9.72 billion, respectively. Other countries and regions with a trade volume above $4 billion include the ASEAN, Iran and Taiwan region. Major commodities for import include crude oil, liquid chemicals and scrap metals, with their volume standing respectively at $15.39 billion, $4.2 billion and $1.87 billion. Major commodities for export are mechanical and electrical products, textiles & garments and footwear, with export volumes of $24.2 billion, $10.5 billion and $2.19 billion respectively.
As the prospect of the market recovery is still uncertain, the monthly import and export via Ningbo Port still saw a decline year on year. In May, Ningbo Port realized a total volume for imports and exports of $17.86 billion, down by 5.1%, of which $11.21 billion for export and $6.65 billion for import, down by 7.8% and 0.1% respectively, indicating that the current foreign trade is still in a downturn.

40,000 merchants attended the three events

The 15th China Zhejiang Investment and Trade Fair (ZJITF), the 12th China International Consumer Goods Fair (CICGF) and the 6th China Opening-up Forum were closed on June 11. According to statistics from the organizing committee, over 40,000 merchants attended the fair and 87 foreign-invested projects were signed with a total utilization of foreign capital of 5.13 billion US Dollars. Export orders of 0.46 billion US Dollar and import orders of nearly 0.1 billion were made.

The two fairs and one forum has attracted over 50 world Top 500 enterprises and over 100 multinational companies. At ZJITF, 87 foreign-invested projects with a total investment of 12.81 billion US Dollars were signed, 53 of which are large projects with the contractual foreign investment of 30 million US Dollars. These projects involved industries of tourism, transportation, public services, chemistry, mechanical equipment, electronic communications, papermaking etc. the investment came mainly from 26 countries and regions including USA, Thailand, Netherlands, Singapore, South Korea, Denmark, Hong Kong, Macao and Taiwan.

Read more: 40,000 merchants attended the three...

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