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China's Booming Economy. The world's fastest growing major economyAverage annual GDP growth of 9.91% between 1979 to 2010China's GDP is worth US$5.88 trillion in 2010. The world's second largest economy after the United States. Foreign Exchange Reserve ranks no.1 in the world at US$2.45 trillion as of June 2010. Domestic Consumption875,000 people in China have more than USD1.47 million, marking a growth of 6.1% on the previous year. The world's second biggest luxury goods consumer behind 9459
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1. Lilian Chan
Executive Director
Hong Kong Air Cargo Terminals Limited (Hactl)
2. China’s Booming Economy The world’s fastest growing major economy
Average annual GDP growth of 9.91% between 1979 to 2010
China’s GDP is worth US$5.88 trillion in 2010.
The world’s second largest economy after the United States.
Foreign Exchange Reserve ranks no.1 in the world at US$2.45 trillion as of June 2010.
Domestic Consumption
875,000 people in China have more than USD1.47 million, marking a growth of 6.1% on the previous year.
The world’s second biggest luxury goods consumer behind Japan.
Chinese consumers with Internet access spend an average of RMB10,000 online annually.
3. Airport and Air Cargo in China Airport Infrastructure
Shanghai Pudong International Airport ranks third in terms of international and domestic air cargo volume handled in 2010.
45 airports will be built in China. There will be a total of 220 airports in China over the next 5 years . (existing airports: 175)
Air Cargo
1.13 million tonnes of air cargo and air mail were handled in 2010 in China, a year-on-year growth of nearly 20%.
Chinese international air cargo is expected to grow from 2.1 million tonnes in 2009 to 3.8 million tonnes in 2014.
China is forecast to overtake the US and dominate world trade and top airfreight routes in 2030.
Emergence of new potential hubs: Chengdu, Zhengzhou, Chongqian and many more.
4. Growth Engine for the Air Cargo Industry China is the primary growth engine for the world’s air cargo market
5. HK as Gateway for PRD About 30% of Mainland China’s foreign trade is handled via Hong Kong
An estimated 70% of air cargo throughput at Hong Kong International Airport is originated from or destined for Hong Kong’s hinterland – the Pearl River Delta Region
6. Road Network Facilitating Air Cargo Growth
7. The Gateway for Mainland China International Air Cargo Throughput in the Pearl River Delta in 2010
8. Hong Kong – The Air Freight Logistics Hub
9. The Hong Kong Air Cargo Hub Hong Kong total trade figures 2010 :
10. Excellent Infrastructure Cargo Terminals – 5 millions tonnes capacity
Other Value Added Logistics Facilities
Freight Forwarding Cargo Consolidation Centre
DHL Central Asia Hub
Integrators’ hubs
Air Mail Centre
Marine Cargo Terminal
Trade Port
11. Streamlined Customs A fast and efficient customs process is critical to Hong
Kong and its economy.
Expedited clearance through integrated Electronic Data Interchange (EDI) linkage between major air cargo operators and the Customs & Excise Department (C&ED);
Efficient 24x7 service;
Pre-arrival customs clearance covering all types of cargo ;
Authorised service providers providing cross boundary bonded truck services to Mainland China.
12. Experience and Efficiency
13. About Hactl Hactl grows hand-in-hand with Hong Kong for the past 35 years…
14. The Hong Kong Air Cargo Hub
15. Intermodal transportation operated by Hacis, Hactl’s wholly owned subsidiary
SuperLink China Direct
Flight connecting to bonded truck to PRD
Quick Pass mode – GPS Seal Lock
Inland Cargo Depots (ICDs)
Enhancing HK’s Connectivity to PRD - Hacis
17. Challenges Ahead Macro economy
RMB appreciation
Low cost development concept
Aviation security
Environment protection initiatives
Constraints in air services regimes
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19. Thank You