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China signed a US$3.5 billion procurement deal for 50 Airbus planes during a visit by German leader Angela Merkel, China's official Xinhua news agency said.
The agreement between Industrial and commercial Bank of China and Airbus was part of a series of deals signed by China and Germany at the start of a two-day visit by Merkel aimed at boosting trade between the two economic powers, AFP reports
China Southern Airlines Co Ltd said on August 3 that its subsidiary Xiamen Airlines signed an aircraft acquisition agreement with Boeing Co to buy 40 737 aircraft.

The list price of the airplanes is $3.36 billion. The planes will be delivered between 2016 and 2019, said China Southern Airlines, which has 51 percent stake in the company.

Xiamen Airlines' fleet, which only has Boeing planes,
The Sino-Italian shipping collaboration would grow on the back of increasing synergies between Italy's Port of La Spezia and China Ocean Shipping Company (COSCO), executives of the two entities said here on Tuesday.

A new "West Africa Service" was launched this week by COSCON, the COSCO branch involved in container business, in the Port of La Spezia, Italy's second biggest port for origin and
THE State Council, China's Cabinet, yesterday said it will boost the development of the nation's distribution industry to establish a modern goods distribution system that is efficient, competitive and open.

The speeding up of the sector's development should be oriented toward providing greater convenience and boosting public consumption, as well as ensuring the quality of products and improvi
The Hanyi Railway, a section of a major high-speed rail corridor between the eastern metropolis of Shanghai and southwest China's city of Chengdu, opened on Sunday.

The 293-km Hanyi Railway links Wuhan and Yichang, two large cities in central China's Hubei province. The railway will reduce travel time between the cities to one hour and 39 minutes, said Yang Tao, an official with the Wuhan rail
CHINA'S logistics industry is burdened by high costs and low credibility which will harm efforts to expand, according to an industry survey yesterday.

The costs of logistics in the country account for 18 percent of China's gross domestic product, or double those of the US and Europe, the survey, released by the Global Supply Chain Council, said.

"The low efficiency in using trucks and poor




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