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YANGON, March 3 (Xinhua) -- Myanmar has formed a high-level committee and task force to restart and speed up the Dawei Special Economic Zone (SEZ) project in southern Tanintharyi region which was once suspended for years.

The SEZ committee for implementation of the Myanmar-Thai joint project to link the Andaman Sea to Bangkok and the Gulf of Thailand is chaired by Vice President U Henry Van Thio, according to Friday's official Global New Light of Myanmar.

Over the last few months, the SEZ committee has had more interactions with the Italian-Thai Development (ITD), one of the firms forming a consortium of private developers that signed a concession agreement with the government in 2015.

The consortium consists of ITD, a Japanese-Thai joint venture Rojana Industrial Park Plc and LNG Plus International Co, also from Thailand.

Myanmar and Thailand first signed a memorandum of understanding to develop the area in 2008 and two years later Myanmar granted a 60-year concession to ITD to develop a deep-sea port, industrial estate, road and rail links to Thailand's Kanchanaburi.

Due to financial difficulties, ITD then withdrew from the agreement in 2013 before resigning the concession agreement in 2015.

The highway which is part of the project would link Dawei with Bangkok and the Greater Mekong Subregion, while the deep-sea port would link Thailand, Cambodia and Vietnam with India, the Middle east, Europe and Africa, significantly shortening the time of transportation and eliminating the need to ship around Singapore through the Malacca Strait.

HOHHOT Air Jordan Retro For Sale Free Shipping , Sept. 11 (Xinhua) -- China's largest land border port, Manzhouli, has seen growth of China-Europe freight trains in the first eight months of this year.

A total of 849 inbound and outbound trains connecting China and Europe passed through Manzhouli in north China's Inner Mongolia Autonomous Region from January to August, while the number for all of 2016 was 846, according to port authorities.

The port Air Jordan Shoes For Sale Free Shipping , which borders Russia to the north and sits close to Mongolia to the west, saw its first container train in September 2013, heading from east China's Suzhou to Poland.

The port has been increasingly busy under the Belt and Road Initiative. Currently, it has more than 30 cross-border train routes.

During the first eight months, the number of inbound and outbound freight trains connecting the southwestern municipality of Chongqing and Europe was 412 Air Jordan For Sale Free Shipping , up by over 70 percent of the same period last year, according to Chongqing customs.

The trains have also carried a growing variety of cargo. In the past, the exports were mainly IT products and parts, while now they include machinery, daily necessities and international mail. The imports include cars Jordan Retro For Sale Free Shipping , auto parts, food and medicine.



WELLINGTON, June 17 (Xinhua) -- Lower oil prices at the start of the year helped drive down New Zealand's current account deficit to its lowest in almost a decade, the government statistics agency said Wednesday.

Overseas expenditure exceeded earnings by just 1.8 billion NZ dollars (1.25 billion U.S. dollars) in the quarter to the end of March, down 800 million NZ dollars (557.84 million U.S. dollars) from the previous quarter Jordan Shoes For Sale Free Shipping , according to Statistics New Zealand. "Imports of petroleum products fell to their lowest value in just over nine years, as prices plummeted in the latest quarter to their lowest level in over a decade," international statistics manager Jason Attewell said in a statement.

Quantities of petroleum product imports also fell significantly in the March quarter.

New Zealand's annual current account deficit was 8.6 billion NZ dollars (5.99 billion U.S. dollars), or 3.6 percent of gross domestic product (GDP), for the year ended March.

"Increased spending by overseas visitors in New Zealand Authentic Air Jordan Retro For Sale , our second-largest source of export revenue, partly offset the fall in exports of dairy products over the past year," Attewell said.

New Zealand's international liability position was 153.5 billion (107.02 billion U.S. dollars), or 64.2 percent of GDP, at the end of March.

BEIJING Authentic Air Jordan Shoes For Sale , May 28 (Xinhua) -- With the last of the five pilot private banks approved to start operation, the market is hoping these newcomers fulfill the role of channeling more loans to small cash-starved businesses.

The Hangzhou-based MYbank was given the nod on Wednesday to open for business, following four others based in affluent cities Shenzhen, Shanghai, Tianjin and Wenzhou.

Focusing on serving small and medium-sized enterprises (SMEs) Authentic Air Jordan For Sale , which are often denied access to bank loans, the first batch of five private banks are pioneering China's pilot scheme to gradually open its closely guarded banking sector. Currently, the sector is dominated by state giants.

Experts believe these private banks have the makings for success, given their low service charges, customer friendliness and integration with the Internet. However Authentic Jordan Retro For Sale , challenges such as a lack of cash and immature industry oversight should not be overlooked.

NICHE MARKET

China's first private-run bank, China Minsheng Bank, was founded in 1996 in Beijing. The bank soon made its name and flourished through tailored lending to SMEs. However, the number of private banks failed to grow in China due to concern over systemic risks raised during the Asian financial crisis in 1997.

The demand for more private lenders increased a decade later when years of double-digit growth made China rich enough to withstand risks and carry out necessary financial reforms, while the state banking giants' arrogance towards the SMEs became intolerable.

Better service for SMEs is also justified given their growing importance - they now account for around 60 percent of China's gross domestic product (GDP) and provided 80 percent of of urban jobs.

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