China Merchants Holdings News

Djibouti Breaks Ground on Massive FTZ

country's first employment reservoir, with more than 15,000 direct and indirect jobs created."   China's largest public port operator, Dalian Port Corporation Limited, is building the free trade zone. The Djibouti Ports and Free Zone Authority will operate it in a joint venture with China Merchants Holdings.   The agreement calls for the zone to handle $7 billion in trade within two years. Djibouti will create a unified customs system with China, establish a transit trade centre and set up a currency clearing system, the agreement said.   Chinese companies are also expanding Djibouti's