China and 14 Asia Pacific economies (Indonesia, Malaysia, Philippines, Thailand, Singapore, Brunei Darussalam, Cambodia, Laos, Myanmar, Viet Nam, Japan, Korea, New Zealand, Australia) on Sunday officially signed the RCEP, which is said to be the world’s largest trade pact, in a virtual ceremony. The signing of the RCEP would help the Asia Pacific region take the global lead in recovering from the COVID19 pandemic and reduce US hegemony in the region.
The deal will create what is believed to be the world’s largest free trade zone, covering about one-third of the world’s total population and GDP. It will be also Japan’s first free trade framework with its vital trading partners China and South Korea.
A joint venture of China Railway 20th Bureau Group Co and China Communications Construction Co signed a contract to build a cross-sea cable-stayed bridge in Salvador with the Brazilian state of Bahia on Thursday, meaning the construction of the largest such bridge in Latin America will kick off.
Located in Salvador, the capital of Bahia state in Brazil, the Salvador Bridge is designed to be 46.8 kilometers long.
One of the highlights of the bridge will be the 12.4-kilometer cross-sea section, with the main tower topping up at 205 meters and a maximum span of 450 meters.
The depth of water in the area reaches 60 meters.
