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Shanghai's new air terminal to challenge HK's
By Wang Ying
SHANGHAI – The opening of the new terminal of Shanghai Hongqiao Airport on March 16 is expected to add an exciting dimension to Shanghai's cooperation and competition with Hong Kong as a major airline hub and gateway to China.
Cathy Pacific back in the black
By Joey Kwok
Cathay Pacific Airways, the biggest carrier in Hong Kong, returned to profit in 2009, benefiting from fuel-hedging gains and share sale in a maintenance venture.
MTR reports solid gain of 16.4% in 2009 net earnings
By Joey Kwok
Hong Kong railway operator MTR Corporation, which is also a major property developer, said it will launch 3,800 new units in four residential projects this year.
Qingdao Port to shift strategy
By Wang Xiaotian
BEIJING — Qingdao Port, the seventh-largest port in the world, is gearing up to tweak its business strategy to focus more on the import side, said Chang Dechuan, president of the port.
Railroad operator to float shares
By Li Xiang and Mao Lijun
BEIJING — Railroad operator Beijing-Shanghai High-Speed Railway Co Ltd is planning to raise 30 to 50 billion yuan ($4.4-$7.3 billion) through an initial public offering (IPO) this year, a source with the Ministry of Railways told China Daily on Monday.
COSCO to increase US-Asia cargo rates
By Wang Xiaotian
China COSCO Holdings Co and nine other shipping firms are planning to increase rates for hauling containers to Asia from the US in a bid to stem losses on transpacific routes.