China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, will add two more Chinese cities to its destination list in September at the earliest, the airline said yesterday.
CAL will serve Yancheng in Jiangsu Province and Sanya in Hainan Province with two scheduled flights to each city, the airline said.
Meanwhile, EVA Airways Corp (長榮航空), the second-largest carrier in the nation, said it is still working on a service expansion to Yancheng and it intends to have one direct flight to the city each week.
Yancheng is adjacent to Shanghai and can make up for the shortage of services to Shanghai, where demand exceeds supply, CAL said. However, the new flights will not be able to rely solely on Taiwanese businesspeople traveling across the Strait and the company will have to attract more Chinese tourists from these cities to Taiwan, the airline said.
The latest addition of new destinations is part of a cross-strait agreement signed on June 8 to increase the number of direct flights between Taiwan and China from 370 to 558 per week, with each side being given an extra 94 flights. The additional flights will not be able to start before the end of October, Civil Aeronautics Administration Director-General Ying Chen-pong (尹承蓬) said on July 13.
As of the end of last year, Yancheng had approved 748 investment cases from Taiwanese companies and had more than 700 Taiwanese businesses registered in the city. There are more than 100,000 Taiwanese people living in Yancheng, while more than 30,000 Yancheng residents visited Taiwan in tour groups last year.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday. However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s administration, said Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University. Taiwan’s exports soared to a record US$51.74 billion last month, driven by strong demand for artificial intelligence (AI) products and continued orders, with information and communication technology (ICT) and audio/video products leading all sectors. The US reclaimed its position as Taiwan’s top export market, accounting for
RSS