Infrastructure projects will let the Pearl River shine again
GONG Xi Fa Cai probably has a hollow ring to it for integrators and logistics operators faced with falling cargo volumes to and from China as recession grips the US and western Europe. Wishing outfits, like Federal Express and UPS, a prosperous new year when they are spending hundreds of millions of dollars on major expansion projects, including hubs in Shanghai and southern China, while losing customers seems a trite hypocritical.
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