New China law aims to woo more foreign port investments
Booming trade boosts China ports' total throughput to 48m TEUs, up 11%
By P T BANGSBERG
A NEW law governing development of China's ports is now in effect, intended to give clear guidelines to encourage overseas and domestic investors and provide protection to investors' legal rights and interests.
It comes as China claims the title as world's biggest handler of containers, with total throughput last year of 48 million TEUs (twenty-foot equivalent units), an 11 per cent gain on the 37 million TEUs of 2002.
The 10 largest Chinese ports in terms of capacity in 2003 were: Shanghai, Shenzhen, Qingdao, Tianjin, Ningbo, Guangzhou, Xiamen, Dalian, Zhongshan and Fuzhou.
Not all individual breakdowns have been released, but Shanghai and Shenzhen both exceeded 10 million TEUs, ranking world third and fourth respectively, communications minister Zhang Chunxian said.
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