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Mumbai:
The cargo handling capacity of China''s ports is expected
to reach eight billion tonnes and 170 million TEUs in
2010 amidst a trade boom and continued economic expansion.
The
combined cargo handling capacity of China''s ports totalled
5.6 billion tonnes and 93 million TEUs (twenty-foot container
equivalent units) last year, the largest in the world
for four consecutive years, the head of China Communication
and Transportation Association, Qian Yongchang, said.
China
had 12 ports with throughput capacities exceeding 100
million tonnes last year. Shanghai port handled 530 million
tonnes of cargo last year, making it the busiest in the
world.
China
had been investing heavily in port construction as the
national economy soars and foreign trade increases steadily.
In 2006, more than 160 construction projects kicked off
on China''s seaports, involving 60 billion yuan, up 30
per cent year-on-year.
China''s
exports reached $252.1 billion, up 27.8 per cent, while
imports were valued at $205.7 billion, up 18.2 per cent,
figures from Chinese customs showed.
The
priority of the investment in port construction would
be on expanding capacity and improving comprehensive services,
Mr Qian said.
China
is expected to replace Germany as the world''s second largest
trader this year with $2.1 trillion in foreign trade and
may overtake
the US to become the world''s largest trader by the end
of the decade. China''s foreign trade in the first three
months totalled $457.7 billion, up 23.3 per cent year-on-year.
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