China launches mega US$10 billion canal project in a bid to help its economy

China’s Pinglu Canal project was launched on August 28, 2022, in Guangxi Zhuang autonomous region in southern China. Expected to be completed in 54 months, the project is an important part of a new land-sea corridor connecting inland regions in southwestern China with Guangxi’s coast and cities bordering Vietnam. Local authorities hope the new project will support regional transport and economic development. The Pinglu Canal is also being built to open a new waterway transport channel for trade…