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China close to opening US$10 billion canal linking heartlands to Southeast Asia (www.scmp.com)

submitted 3 weeks ago by rss@news.abolish.capital to c/china@news.abolish.capital

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China is expected to finish construction on the landmark Pinglu Canal before the end of this year, taking just four years to complete the 72.7 billion yuan (US$10.4 billion) project to boost trade links with the country’s top export destination: Southeast Asia. The mega-project will provide China’s landlocked southwestern provinces with direct access to global shipping lanes, making it faster and cheaper to transport goods between the Chinese interior and neighbouring countries. The 134km (83...

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