Chinese port operator Cosco Pacific has agreed to sell its entire 21.8 percent stake in container maker China International Marine Containers (CIMC) to its state-owned parent company for US$1.22 billion in cash.
China e-tail revolution eludes airlines
Struggling air cargo carriers should expect little help from China’s exploding e-commerce market, despite online retailing delivering a 120 percent compound annual growth rate since 2003.
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