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China unveils new canal for Southeast trade
China has officially opened the Pingluo Canal, which stretches 134.2 kilometers at a cost of approximately $10.75 billion, connecting Nanning to Beibu Gulf. This canal is China's first national project to link the river and the sea, reducing the journey through the inland waterway by over 560 kilometers. It cuts logistics costs by 18-30% and is expected to save over 5 billion yuan annually. The canal aims to facilitate trade between China's inland regions and Southeast Asian nations. Trade between China and ASEAN increased by 24.7% in the first seven months of 2026, with China’s trade volume with ASEAN surpassing one trillion dollars for the first time.
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