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Daqin

By Renee Phillips,2014-07-06 14:19
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Daqin

    Daqin

    …………………_

    China,sbicycleoutput,e)_

    Dortsdownoncrisisel1reCt

    Chinaproduced76.06millionbi

    cycleslastyear,adeclineof13.2percent fromthepreviousyear,MaZhongchao, headofChinabicycleindustryassocia- tion,saidonMarch31.Thedeclinerate wasthebiggestfortheindustrysince 1996.

    Exportsalsowentdown18.2

    percentyear-onyearto46.12million

    bicyclesin2009,buttendedtorecover sinceDecember.InJanuary,foreign salesstoodat4.08millionbicycles,up 21.4percentonthesamemonthoflast year.Despitetheproductiondecline, majorproducers,eachwithanannual salesvolumeofatleast5millionyuan (732,064U.S.dollars),garnered1.99 billionyuaninprofitslastyear,up22.2 percentover2008.Maattributedthe profitgrowthtoendofcompetitionon lowpricesandexplorationofmarkets forhigher-endproducts.(Gaso) …………………一

KLMIaunchesscheduled

    servicetoHangzhou,

    China

    KLMRoyalDutchAirlineswill

    launchscheduledservicebetweenAm

    sterdamandHangzhouXiaoshanAir- portinChinaon8May2010.KLM

    isthefirstairlinetoofferdirectservice betweenHangzhouandEurope.

    "KLMisproudtoaddthis63th

    intercontinentaldestinationtoitsnet- work.Withthisnewdestination.we nowoffernofewerthan36weeklyser- vicestothisgrowingmarket.KLMhas thusimprovedChina'sconnectionwith Europeandtherestoftheworld,"says KLMPresident&CEOPeterHart- man.

    Inthecurrenteconomiccontext, theopeningofanewdestinationisa proofthatKLMconsidersChinaas oneofthemoststrategicmarkets. Thenewservicewillbeoperated threetimesaweek.FlightKL881will departfromSchipholonMondays, WednesdaysandSaturdays.arriving inHangzhouthefollowingday.Re

    turnflightKL882willdepartfrom HangzhouonTuesdays,]-hursdaysand Sundays,arrivinginAmsterdamonthe

    sameday.Flightswillbeoperatedwith aBoeing777-200ER,whichcancarry 318passengers35inW_OridBusiness

    Classand283inEconomyClass. SincetheopeningofBeijingin 1996,KLMhasbeencontinuously investinganddevelopinginChina. Withthisnewdestination.AirFrance andKLMwilloperatedirectflightsto 5destinationsinChinamainlandand morethan25beyondcitiesincode

    sharewithChinaSouthern,China EasternandSichuanAirlines.This promisingdevelopmentofKLMdem

    onstratestheambitionandthecorn

    mitmentofAIRFRANCEKLMto

    remaintheleadingEuropeancarrierin China.(AirFranceKLMChinaGce1

    ShanqhaihasChina,sIon.

    qestmetroIineinserVlce

    Shanghai'sllthsubwaylinestart- edtrialoperationSaturday,aheadof theopeningceremonyofthefuturistic ShanghaiExpoonMav1.

    ThenewlinemadethecityChi

    na'sfirsttohavemorethan420kilome

    tersofmetroroutesinservice. TheMetroLine10,29.6kilome

    terslong,wouldbeofficiallyopenafter

    athreemonthtrialperiod,saidanof- ficialofthemunicipa1government. Line10wil1seebusytraf_

    ficduringthesixmonthShanghai

    ExpoasitpassesFudanUniversity, ShanghaiJiaotongUniversity,Tongji Universityandthedowntownbusi

    hessdistricts.

    Shanghaihaditsfirstmetro

    lineonApril10,1995,whichcarried 180,000passengersonits16kilometers routeaday.Nowthecityhas11metro lineswithanaverageof4.78million ticketssolddaiIv.(Xinhua)

    DaqinRailwayreports50%

    riseinQ1netprofit

    DaqinRailwa7CosaidonApril5, itsunauditednetprofitwasexpectedto riseabout50percentfromayearearlier inthefirstquarterasthecountry'seco

    nomicrecoverypushedupdemandfor coaltransportation.

    Thecompany'snetprofitwas1.46 billionyuan($213.9million)inthefirst quarterof2009,thecompanysaidina statementtotheShanghaiStockEx

    change.

    Thefirst-quarternetprofitwas forecasttobe10percenthigherthan

thatinthelastquarteroflastyear,ac

    cordingtothestatement.

    TheShanxiprovincebasedcom

    pany,whichprovidesrailwaytrans

    portationservicesofcoalproducts, attributedtherapidgrowthtoalow baseinthesameperiodoflastyeardue totheeconomicslowdownandrising demandforcoaltransportationinthe firstquarteronChina'seconomicre

    covery.

    Thecoldweatherinthesouthern partofthecountryearlierthisyearalso helDedhftdemandforcoaltransporta

    tion,saidthestatement.

    Thecompany'snetprofitlastyear stoodat6.53billionyuanf$956.5mil

    ln),down2.23percentyear-on-yeat. (Xinhua)

    CS

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