Among other developments, China's Ministry of Transportation (MOT) has updated the import licensing regulation for railway rolling stock, simplifying the application and approval procedures. The regulation, which took effect on 1 January, is a continuation of reforms to the rail industry that that the government initiated in March 2013
In other action, with the Shandong provincial government backing initiatives to promote the use of LNG buses in transport, Sinotruck Group Jinan Howo Bus Co. has also developed its plans to boost the production of such vehicles, which will push up its import of auto parts
In aviation news, the Commercial Aircraft Corp of China (COMAC) continues to push ahead with its detailed design evaluation of all the systems required to make its C919 aircraft before October this year. Most suppliers are getting into the final stages of the system development process and some of them have already received payment from COMAC, according to one of its senior engineers
Finally, U.S. freight component providers are well positioned to make inroads in China due to the industry's track record of transporting flammable liquids safely, according to experts such as Taylor Robinson, president of PLG Consulting. Opportunities in terms of key components for chemical handling, such as valves, fittings, and seals, represent a particularly fruitful growth opportunity, he said.