Fixed asset investment in China's transportation sector rose in the first 11 months of 2023

09.01.2024

In the period from January to November 2023, investment in fixed assets of China's transportation sector increased by 3.2 percent year-on-year to 3.6 trillion yuan /about $506.84 billion/, data from the Ministry of Transport of the People's Republic of China showed. The data of the Ministry of Transportation of the People's Republic of China showed.

In particular, investments in fixed assets in road transport increased by 1.2 percent to 2.6 trillion yuan, in water transport - by 23.7 percent to 182.9 billion yuan, the ministry said.

Maersk to suspend Red Sea transits after Houthi attacks

31.12.2023

Danish shipping company Maersk will suspend transits through the Red Sea for 48 hours after its vessels were attacked by the Houthis, DR TV channel reported.

Earlier on Sunday, the U.S. Central Command reported that Maersk's commercial vessel Hangzhou was again attacked by the Houthis in the Red Sea, with U.S. helicopters sinking the small boats that attacked it.

Maersk earlier said it was preparing to resume shipping through the Red Sea after launching the multinational Operation Guardian of Prosperity to protect shipping in the sea.

On Friday, Bloomberg reported citing the Pentagon that the U.S. military is trying to reassure shipping companies that multinational forces are ensuring safe passage through the Red Sea and the Suez Canal despite attacks by the Houthis.

Uzbekistan increased gas exports to China in November

25.12.2023

Uzbekistan exported $54.59 million worth of natural gas to China in November, which is more than the supplies for the previous two months, according to the data of the General Customs Administration of the People's Republic of China studied by Gazeta.uz.

As we reported earlier, Uzbekistan resumed exports of "blue fuel" in April, which amounted to $40.47 million that month. In May, the volume of supplies rose to $78.16 million, in June - $85.27 million, in July - $91.39 million, in August - $75.27 million, in September - $41.6 million, and in October - $42.25 million.