Pinglu Canal to Reduce China's Logistics Costs by $730 Million Annually
China's Pinglu Canal, a $10.2 billion infrastructure project, is set to open by the end of 2026, promising to cut annual logistics costs by $730 million. The canal will reduce maritime distances from inland Guangxi to ASEAN markets by approximately 560 kilometers, enhancing trade efficiency. Beibu Gulf Port, a major hub, is expected to handle increased cargo volumes, easing pressure on Guangdong's port cluster. The canal will also support industrial demand in southwestern China, particularly for electric vehicle and stainless steel production, by improving supply chain efficiency and reducing input price volatility. 
