At a press conference held by the Information Office of the State Council this morning, relevant officials from the Guangxi Zhuang Autonomous Region explained that after the opening of the Pinglu Canal, the transportation distance between the southwestern hinterland of China and ASEAN will be shortened by more than 560 kilometers, and logistics costs will be reduced by 18% to 30%. According to reports, the Pinglu Canal is a river-sea connecting canal with the highest domestic navigation level in the country and the world, and will restructure the economic geography of China and ASEAN. After the opening of navigation, not only will there be an additional channel for goods to flow in both directions between the two major markets, but factors such as capital, technology, talents, and labor from southwest China and ASEAN countries will also further converge, spawning new cross-border investment and industrial cooperation projects.

At a press conference held by the Information Office of the State Council this morning, relevant officials from the Guangxi Zhuang Autonomous Region explained that after the opening of the Pinglu Canal, the transportation distance between the southwestern hinterland of China and ASEAN will be shortened by more than 560 kilometers, and logistics costs will be reduced by 18% to 30%. According to reports, the Pinglu Canal is a river-sea connecting canal with the highest domestic navigation level in the country and the world, and will restructure the economic geography of China and ASEAN. After the opening of navigation, not only will there be an additional channel for goods to flow in both directions between the two major markets, but factors such as capital, technology, talents, and labor from southwest China and ASEAN countries will also further converge, spawning new cross-border investment and industrial cooperation projects.