00:00Mohammed Reza Syari Foudin Zaki is an Associate Professor of Business Law at Binance University.
00:08Yes, the Pinglu Canal is a massive 134.2km water infrastructure project in the Guangxi Zouam Autonomous Region that has
00:20officially opened to navigation.
00:22The canal directly connects the inland river system of Nanning to the Beibu Booth in the South China Sea, valued
00:32at 72.7 billion yuan.
00:36The project is designed to serve as a major logistic shortcut linking landlocked southwestern China with the markets of ASEAN.
00:45A shorter route can reduce fuel consumption, facile operating costs, port and transcription costs, inventory and delivery time, raise of
00:59delays costs per tonne or container.
01:02At the system level, Chinese estimates put the potential savings at more than 5 billion RMB per year in transportation
01:12costs.
01:13Southwest China has always been the country's most landlocked region.
01:18And beyond the trade figures, you know, what does direct sea access really change for the people and for the
01:25communities there?
01:26Yes, the biggest change is not simply that people in southwestern China can now ship goods to the sea more
01:34cheaply.
01:35It is that the sea becomes much more directly connected to the economic life of communities that previously set behind
01:44a major logistic bottleneck.
01:46It is partly agglomeration effect. Once transportation becomes easier, businesses that depend on one another have more reason to locate
01:56near each other.
01:57There is precedent in Guangxi in earlier ADB supported regional infrastructure program reported 53,520 jobs associated with the project
02:11and improve business environment, including employment in ports, factories and other services.
02:18That does not mean the Pinglu Canal will create the same number of jobs.
02:22It simply illustrates how improved transport infrastructure can have effects beyond the transport sector itself.
02:31Now, ASEAN is already China's largest training partner and the Pinglu Canal is designed to deepen that relationship further.
02:41Where do you see the main opportunity?
02:44All materials, minerals and agricultural products from ASEAN countries such as Vietnam, Malaysia, Indonesia and Singapore can reach industrial areas
02:56in southern China more quickly.
02:59Manufactured components and technology from China can be distributed more efficiently throughout ASEAN, supporting ASEAN's development as a global manufacturing
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