BUSINESS

CHINA DAILY | CHINADAILY.COM.CN/BUSINESS Tuesday, March 12, 2019

TWO SESSIONS Key indicators Guizhou eyes role as show economy regional air hub By WANG ZHUOQIONG on even keel and YANG JUN Guizhou is aiming to become a major regional air hub in western by adding international Seasonal fluctuations had big impact routes including flights to India and the and on credit, other data in first two months increasing domestic flights con- necting big cities to the province’s By CHEN JIA It showed a rebound from the famous places. [email protected] aggressive drops during China’s Wang Yong, general manager of deleveraging campaign. Guizhou Provincial Airport Group As drastic ups and downs in Chi- The change, as the PBOC and a deputy to the 13th National na’s money and credit data within explained, could indicate that finan- People’s Congress, said the prov- the first two months have sparked cial institutions are gradually adopt- Overseas exhibitors examine a soil-less vegetable cultivation device at the 29th East China Fair in ince has plans to further optimize discussions on the reasons for this, ing the new rules on asset earlier this month. XIAO DA / CHINA DAILY its international routes. The first the central bank issued an explana- management products, the most direct flight connecting Guiyang tion on Monday morning, saying influential policy to crack down on to Paris will be launched on March that robust financing activities have shadow banking, which was issued 24 by Hainan Airlines. The flight well supported economic growth so in April 2018. will take place once in a week. far this year. Hu Xiaolian, a member of the Foreign trade to remain robust in Sichuan Airlines will open a Following January’s rare boost in Standing Committee of the 13th direct flight from Guiyang to bank lending and full-aperture Chinese People’s Political Consulta- Melbourne in May, also on a financing movements, China’s mon- tive Conference National Commit- 2019, say advisers and legislators weekly basis. ey supply, new loan growth and tee and chairwoman of the Export- Guiyang is making efforts to aggregate social financing — the Import Bank of China, said that launch flights to and most important financial indica- financial policy needs to stay stable By ZHONG NAN ences and a member of the 13th amounted to 1.28 trillion yuan, up New Delhi this year while tors, all retreated back to their nor- especially in the face of economic and REN XIAOJIN National Committee of the Chinese 2.4 percent year-on-year, about 1.7 increasing flights to Incheon mal status, said the People’s Bank of downside risks. People’s Political Consultative Con- percentage point higher than the and Osaka, as well as adding China, the central bank. Too much easing of macroeco- China’s foreign trade growth will ference. country’s average growth rate in flights to Macao, operated by the Seasonal swings have played a sig- nomic policy may lead to financial be backed by a wide range of trad- “China’s advantage in foreign foreign trade. It accounted for 28.2 Macao Airlines. nificant role, said a statement on the risks, said Hu, who also warned ing partners and a resilient import trade can be found in technology percent of the nation’s total trade. In the first two months of this PBOC website on Monday, as the against a sharp reverse toward a and export structure, and a domes- upgrading, brand, quality and ser- Apart from the impact brought by year, international flights includ- Chinese Lunar New Year holiday, tightening stance. “We should set a tic market with growing demand vices, rather than low prices for the the trade dispute between China and ing routes to Milan and Bali Island usually in the first two months of the warning line to prevent the re-ex- in 2019, despite some uncertainties next stage, although developed the US, Xue Rongjiu, deputy director were launched at Guiyang airport. year, always leads to remarkable pansion of leverage.” remaining in the global outlook, countries are trying to maintain of the -based China Society Last year Guiyang airport saw fluctuations in credit and other eco- Liu Wei, president of Renmin said political advisors and legisla- and enhance their strength in mid- for WTO Studies, said these figures the launch of flights to Moscow nomic data. University of China, also a CPPCC tors from business circles. dle and high-end product indus- demonstrate that China’s import and San Francisco via Hong New yuan loans in February were National Committee member, said Their comments came after the tries,” said Zhang. and export structure is able to adjust Kong, and to Los Angeles. Overall reported at 885.8 billion yuan that the key issue is not about the General Administration of Cus- He said China’s export quality flexibly, and it is fairly resilient. its international routes have ($131.7 billion), below the market’s aggregate amount of money or toms released the trade figures for will gradually increase and so will Gao Yan, a CPPCC National Com- reached 20, with 562,000 inter- forecast of around 900 billion yuan liquidity, but the structure and effi- the first two months on Friday, the price. As a manufacturing pow- mittee member and chairwoman national travelers passing and down sharply from 3.32 trillion ciency of the use of funds. “To curb which said the country’s foreign erhouse and major destination for of the China Council for the Promo- through the airport, a year-on- yuan in January. The broad measure the slowdown of demand growth is trade volume in February fell 9.4 foreign direct investment, the tion of International Trade, said as year growth of 22.81 percent. of money supply, or M2, slowed to 8 the critical task for short-term mac- percent year-on-year to 1.81 trillion country’s trade growth rate is the 2019 Government Work Report “Guizhou needs to open wider to percent from 8.4 percent at the end ro administration.” yuan ($269.12 billion). expected to be higher than the stressed that China will promote the world while the province has of January, according to PBOC data A group of the central bank’s sen- Exports dropped by 16.6 percent global level, and its market share trade and investment liberaliza- become an opening-up economic released on Sunday. ior officials reassured the media on to 922.76 billion yuan last month, will continuously increase in glob- tion and facilitation, the country experiment zone,” said Wang. Aggregate social financing Sunday that the monetary policy while imports showed a slight al trade in 2019. will further optimize the foreign He said despite the province’s increased by 703 billion yuan in Febru- stance will remain “prudent”, decrease of 0.3 percent to 888.3 With a total value of 1.42 trillion trade structure this year. late start if compared with oth- ary, down from a monthly expansion although leaving room for addition- billion yuan. yuan, mechanical and electrical “Foreign trade development will er western provincial airports, of 4.64 trillion yuan in January. It was al liquidity injection and the real “Slower growth was mainly products including machine tools, further coordinate with national Guizhou has the potential to also lower than the expected level. But lending rates for small and private caused by business disruptions crane, construction machinery economic growth, environmental catch up quickly by positioning the figure for the first two months, companies will be lower. during the Spring Festival holiday expanded to 58.3 percent of China’s resource protection, industrial itself as a regional hub. which amounted to 5.34 trillion yuan, PBOC Governor Yi Gang attribut- and the lack of clear signals in the total exports in the first two structure adjustment and regional Wang said: “We have to find still indicated a rare growth pace of ed the first two months’ credit data trade dispute with the United months, while the nation’s exports development strategy,” she said. destinations that meet our needs.” 25.2 percent from a year earlier. distortions to the Lunar New Year States,” said Wang Xiaosong, a of labor-intensive products such as While China is accelerating the For example, flights connecting Growth of the aggregate social holiday. At Sunday’s news confer- researcher with the National Acad- furniture, garments and plastic shift of driving forces for foreign Guiyang with San Francisco will financing rebounded in the first two ence, he suggested combining the emy of Development and Strategy goods dropped 3.9 percent year- trade, the country’s cross-border help in building up Guizhou as months, compared with that in data in January and February, or at Renmin University of China. on-year to 467.14 billion yuan. e-commerce and procurement China’s big data valley, echoing 2018, because of the strong growth even considering the situation in Wang said the Spring Festival was From the customs data, apart have also grown fast in recent Silicon Valley in the United States. of loans, bond financing and a slow- March, for sensible analysis. the major factor, and “if we rule that from the trade dispute between years, marking a new highlight for Wang said Guiyang airport is er contraction of trust loans, said “The authorities are unlikely to out, the trade is still growing”. China and the US that has seen foreign trade growth, said Qian considered complimentary to the central bank. engineer another long, large-scale Trade volume in February major declines, other markets, Fangli, a deputy to the 13th Nation- flights to and from Chengdu Air- Experts speculated that financial credit boom, as its room for policy climbed 10.2 percent year-on-year such as the European Union, the al People’s Congress. port and Chongqing Airport. regulators have made efforts to easing is becoming increasingly after deducting the Spring Festival Association of Southeast Asian Through independent innova- The recently built high-speed manage credit risk, after a surge of constrained,” said Lu Ting, chief impact, according to the customs Nations and , have seen nota- tion and improving branding capa- rail network connecting Guiyang lending in January. economist in China with Tokyo- data. ble growth. The EU and ASEAN bilities, foreign trade companies to other aviation hubs in South- “If true, it would be positive news to based brokerage Nomura Securities. As many parts of the world have accounted for 16.2 percent and 12.8 have gradually bolstered the coun- west China has greatly enhanced some extent,” said David Qu, an econo- As China will continue the delev- been affected by factors such as percent of China’s total foreign try’s internal power for growth, the province’ transportation vol- mist with Bloomberg Economics. eraging process targeting some key weak market demand and trade trade volume in the first two said Qian, who also is director-gen- ume. It takes only two hours from Off-balance sheet financing, a areas, it is hard to see a large protectionism, it is understandable months, both higher than the pro- eral of the department of electronic Chengdu to Guiyang by high- part of the aggregate financing sta- rebound of money and credit data in to see some countries reporting a portion with the US, which is 11.6 commerce and information at the speed railway. tistics, showed weaker decline in the the following months, which is also slowed pace in exports, said Zhang percent. Ministry of Commerce. “The high-speed railway in the first two months, especially in terms depressed by the economic growth Yuyan, director of the Institute of The total trade volume with the short term and in future is com- of trust loans, entrust loans and headwinds, said Wu Ge, chief econo- World Economics and Politics at economies related to the Belt and Contact the writers at zhong- plementary to aviation,” said undiscounted bankers’ acceptance. mist of Changjiang Securities. the Chinese Academy of Social Sci- Road Initiative in the same period [email protected] Wang. “In Guiyang, we are build- ing the model of aviation plus a high-speed railway.” Wang said construction of Bei- High-tech offers way ahead for shipyards jing Daxing Airport will have a positive impact on increased flight frequency between Gui- By CHENG YU to be used in Tailor-made vessels are more flex- yang and Beijing. The group is [email protected] Asia-Pacific ible and boast stronger perform- aiming to launch express flights routes, he add- ance in certain cases as it can adapt to Beijing, Shanghai, Shenzhen Jiangnan Shipyard (Group) Co ed. to different marine demands during and Guangzhou. Ltd, one of China’s largest shipbuild- Hu also dis- transportation, he said. Meanwhile, the soaring ers, will sign a new deal to construct closed that the Amid the rapid development of growth of travel to Guizhou prov- five 15,000 TEU, or twenty-foot Dongfanghong 3 the country’s manufacturing seg- ince has also resulted in the need equivalent unit, dual-fuel container scientific ment including shipbuilding, Hu to open more point-to-point ships at the end of this month, its research ship pointed out that China’s manufac- flights between Guiyang and oth- senior official said. Hu Keyi, tech- and the research turing sector is facing mounting er travel destinations in Guizhou The deal will be valued at $750 nical director at icebreaker Xue- challenges. province. Currently, Guizhou has million approximately in total, with Jiangnan Ship- long 2 will be “Developed countries are acceler- 10 regional airports including each vessel worth around $150 mil- yard delivered in the ating to revitalize the manufactur- Tongren, Zunyi and Bijie. lion, said Hu Keyi, technical director first half of this ing industry while developing Li Sanqi, Party secretary of at Jiangnan Shipyard, adding that year, possibly in May or June. countries are attracting high-end Guizhou provincial culture and the shipowner is CMA CGM SA, one The Shanghai-based company, manufacturing with lower produc- The construction site of Xuelong 2 at Jiangnan Shipyard (Group) Co travel administration, said of the world’s top three container dating back to 19th century, is a tion costs,” he said. Ltd in Shanghai. XINHUA expanding investment on avia- operators. historic shipyard. It was widely To relieve the problem, Hu has tion, railways and roads are cru- Hu, who is also a member of the regarded as the cradle of China’s proposed stepping up intelligent cial to the development of local 13th National Committee of the Chi- shipbuilding industry. Currently, manufacturing in the shipbuilding to encourage shipyards to achieve Liu Zheng, chairman of tourism industry. “The province’s nese People’s Political Consultative it builds, repairs and converts sector, in a bid to promote the high- smart manufacturing in more spe- Shipbuilding Industry in rich tourism resources are scat- Conference, made the remarks in an some high-tech and sophisticated quality development of marine cific and detailed manufacturing province, pointed out that Chinese tered in locations. Therefore to exclusive interview with China Dai- vessels. equipment in China. processes, especially in the outfit- shipyards should develop intelli- connect tourism sights through ly, on the sidelines of the ongoing “Chinese shipbuilders have some Major shipyards in the nation ting phase,” he said. gent manufacturing. better transportation will pro- two sessions. advantages over the traditional now mainly use advanced Hu also highlighted the impor- “Looking at market demand, self- vide a more convenient travel The new ships are equipped with shipbuilding powers including machines to cut, weld and paint tance of three-dimensional models driving and smart vessels are future experience to tourists in Guizhou bigger membrane LNG fuel tank South Korea and Europe. For components, which according to when manufacturing, saying that directions. Chinese shipbuilders are province,” said Li. inside the hull, which is expected to instance, the country’s shipbuilders Hu, is “partly automation” in the this is key to dynamic perception expected to grasp the opportunity to provide strong support to long-haul are good at making ‘tailor-made’ assembly line. and real-time cognitive simulation catch up with global leaders in the Contact the writers at wangzhuo- container transportation. It is likely ships,” Hu noted. “China should strengthen policies during construction. field,” he said. [email protected]