Latest news with #wholesalemarket
Zawya
02-07-2025
- Business
- Zawya
Linyi Trade City ready to expand reach across world
LINYI, CHINA - Media OutReach Newswire - 2 July 2025 - From small roadside stalls to China's largest professional market cluster, Linyi Trade City in Shandong province, has achieved leapfrog growth during the past four decades and is poised to extend its reach across the globe. Currently, there are 136 professional wholesale markets and 63,700 shops in the trade center, as well as more than 6 million kinds of products from 27 categories. Its trading value reached 660.48 billion yuan ($91.94 billion) in 2024 and the logistics volume amounted to nearly 1.01 trillion yuan. To accelerate the trade center's transformation and upgrading, Linyi city authorities have introduced a package of policies and incentives, encouraging local enterprises to grow their foreign trade business and establish a presence in international markets. The trade city has also built 59 overseas malls and warehouses so far, as well as 45 international procurement service centers and offices, as part of its efforts to raise visibility globally and develop its international trade network. Launched in 2023 in Yongin, the Lanhua (South Korea) Overseas Mall displays a wide range of domestic products such as household goods, pet supplies, outdoor and camping equipment, and hardware tools. While expanding abroad, the trade city has been committed to attracting global buyers and investors. During the first four months of 2025, it received 13,233 overseas business visitors, generating intent transactions of 906 million yuan. Strong logistics infrastructure is essential to foreign trade and urban growth. Linyi has built a multidimensional international logistics system integrating road, rail, air, and sea freight, linking itself with nine regions such as Europe, the Middle East, Africa and Southeast Asia. Currently, the city is home to 51 international road freight companies and operates nine direct international routes to 10 countries. "Although Linyi is an inland city, we have established a maritime container depot in collaboration with Qingdao Port and Rizhao Port. Through resource integration and procedure optimization, we have helped enterprises cut logistics costs by 30 percent," said Hua Qianli, manager of Linyi Port. Last year, the port handled 198,000 twenty-foot equivalent units of cargo, valued at 19.2 billion yuan. Meanwhile, the city recorded 452 China-Europe Railway freight train trips to 40 cities in 12 countries, along with 480 direct flights to Seoul, transporting 2,067 metric tons of air cargo. Hashtag: #Linyi The issuer is solely responsible for the content of this announcement. Linyi Small Commodities Chamber of Commerce
Malay Mail
02-07-2025
- Business
- Malay Mail
Linyi Trade City ready to expand reach across world
LINYI, CHINA - Media OutReach Newswire - 2 July 2025 - From small roadside stalls to China's largest professional market cluster, Linyi Trade City in Shandong province, has achieved leapfrog growth during the past four decades and is poised to extend its reach across the there are 136 professional wholesale markets and 63,700 shops in the trade center, as well as more than 6 million kinds of products from 27 categories. Its trading value reached 660.48 billion yuan ($91.94 billion) in 2024 and the logistics volume amounted to nearly 1.01 trillion accelerate the trade center's transformation and upgrading, Linyi city authorities have introduced a package of policies and incentives, encouraging local enterprises to grow their foreign trade business and establish a presence in international trade city has also built 59 overseas malls and warehouses so far, as well as 45 international procurement service centers and offices, as part of its efforts to raise visibility globally and develop its international trade in 2023 in Yongin, the Lanhua (South Korea) Overseas Mall displays a wide range of domestic products such as household goods, pet supplies, outdoor and camping equipment, and hardware expanding abroad, the trade city has been committed to attracting global buyers and investors. During the first four months of 2025, it received 13,233 overseas business visitors, generating intent transactions of 906 million logistics infrastructure is essential to foreign trade and urban has built a multidimensional international logistics system integrating road, rail, air, and sea freight, linking itself with nine regions such as Europe, the Middle East, Africa and Southeast the city is home to 51 international road freight companies and operates nine direct international routes to 10 countries."Although Linyi is an inland city, we have established a maritime container depot in collaboration with Qingdao Port and Rizhao Port. Through resource integration and procedure optimization, we have helped enterprises cut logistics costs by 30 percent," said Hua Qianli, manager of Linyi year, the port handled 198,000 twenty-foot equivalent units of cargo, valued at 19.2 billion the city recorded 452 China-Europe Railway freight train trips to 40 cities in 12 countries, along with 480 direct flights to Seoul, transporting 2,067 metric tons of air #Linyi The issuer is solely responsible for the content of this announcement.
The Australian
26-05-2025
- Business
- The Australian
Future of power uncertain and expensive
The Energy Market Regulator on Monday confirmed that households will pay up to an additional $280 a year for electricity. The increase is because of higher prices in the wholesale market caused by lower-than-expected supplies of renewable energy and less reliability from a rapidly deteriorating coal-power fleet. Households in NSW face the steepest increase, up to $280, while Queensland household electricity bills are projected to increase by as much as $77 and South Australia as much as $71. Australian Energy Council chief executive Louisa Kinnear says price pressures will continue as a result of the energy transition, with the costs of the poles and wires as well as retail costs all contributing to price rises. This follows confirmation by the Australian Energy Market Operator last week that the cost of building transmission lines had gone up by up to 55 per cent. As a result, AEMO says it will investigate whether planned transmission projects that have not been committed are still financially worthwhile. More attention will now be paid to how to use spare capacity from household rooftop solar systems and batteries, otherwise known as Consumer Energy Resources. AEMO admits it is a big challenge. While AEMO's 2024 system plan had a focus on five national market regions with about 300 bulk supply points, the 2026 system plan will for the first time consider low-voltage networks. This will involve more than 500,000 low-voltage transformer sites and the CER connected to more than nine million customers. The feedback from power utilities has been informative. In April, Transgrid said assumptions that Virtual Power Plants will experience the same level of availability and flexibility to respond to market conditions as an equivalently sized utility-scale battery energy storage system are not reasonable. Households were unlikely to accept that their assets may be accessed frequently and run very hard because household solar and batteries are primarily investments intended to provide utility and value to consumers rather than the market, Transgrid said. In March, Queensland power utilities Ergon Energy and Energex gave a similar warning. 'We are cautious of the approach to model customer behaviour based on economically rational models, as we consider most CER investments do not conform to these modelling outcomes,' the utilities said. 'For example, based on our anecdotal experience, AEMO's assumptions regarding the level of battery energy storage systems uptake supported by Virtual Power Plants may be overstated.' In short, the costs of intermittent generation and distribution are rising. The reliability of coal is declining. The costs of transmission lines risk becoming uneconomic. The industry is grappling with its social licence in rural and remote areas. The alternative of taking power from rooftop solar and batteries fits with government plans – and industry hopes – for new household subsidies but has many challenges that are known and many yet to be discovered. The future is higher costs and less certainty. Graham Lloyd Environment Editor Graham Lloyd has worked nationally and internationally for The Australian newspaper for more than 20 years. He has held various senior roles including night editor, environment editor, foreign correspondent, feature writer, chief editorial writer, bureau chief and deputy business editor. Graham has published a book on Australia's most extraordinary wild places and travelled extensively through Mexico, South America and South East Asia. He writes on energy and environmental politics and is a regular commentator on Sky News.
