Southeast Asia quarterly economic review: Holding up strongly, September 3, 2024 | Full Report by McKinsey

China opens Pinglu Canal, a trade shortcut to Southeast Asia

Published: Sep 16, 2026



China opened a major new canal on Wednesday, giving its landlocked southwest a shortcut to the coast and overseas markets, particularly those in the Association of Southeast Asian Nations (ASEAN), the country's largest trading partner.


Pinglu Canal expected to spur trade gains with ASEAN upon completion in 2026​


Built at a cost of 72.7 billion yuan (about 10.75 billion U.S. dollars), the 134.2-kilometer Pinglu Canal runs from Nanning, capital of south China's Guangxi Zhuang Autonomous Region, to the Beibu Gulf, the closest maritime outlet for much of southwest China.

 

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