Already the Long Beach and Los Angles ports on the West coast are facing traffic congestion due to lack of corresponding infrastructure to cater to the Chinese inflow of goods, specially electroncis, machinery, textiles and other imports.
To this effect, a group called West Coast Corridor Coalition has flown in from China to discuss congestion of ports and how to eliminate them wih plans to invest billions of dollars worth investment in port facilities, road and trucking infrastructure around Washington, Oregon and California ports.
Sources said China invested about $175 billion in US treasury bills, partly as an investment and partly to maintain the robustness of the US economy and experts argue as to why even half of that amount not be invested in setting up highways, ports and railroads.
To date, the American side has drafted principles by which such investments can be made and submitted them to their southern Chinese counterparts.
Chinese ports on the other hand have been handling record out bound traffic. Guangdong port in Southern Province recorded gross domestic product at 14.2 percent to $194 billion over that of 2003, last year.
Witnessing a seachange in the trade between the two countries, US and China need to work out priorities to develop not only port infrastructure, but also sea routes and allied support system that will in present situation outstretch not only the existing facilities but economies, too.
marketing@alchempro.com
