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21 February 2018

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01/13/2009 CHINA

Throughput down in Shanghai and Shenzhen ports

Exports and container throughput in main ports drop in December; a sign that trends are negative. Imports decline as well.

Beijing (AsiaNews/Agencies) – The ports of Shanghai and Shenzhen saw last month their throughput fall by 6 and 15.7 per cent respectively over November. And the situation could get worse. In December exports dropped by 2.8 per cent over a year before.

The two ports handle most container traffic and represent key transit and storage hubs. Since September the volume of goods has dropped, reflecting the decline in exports and the fall in industrial output in the Yangtze River and Pearl River deltas.

Currently, China is experiencing its worst slump in exports in the past ten years. But for the government only 30 of economic activity is dependent on exports, so it is trying to stimulate internal demand to pick up the slack. Imports in December were also down by 21.3 per cent over last year.

According to experts the exports and imports are interdependent. In fact more than half of China's exports are made up of goods which are simply assembled in the country with components brought in from overseas, so as exports drop, the need for those components falls.

Still China’s trade balance remains positive. Last month exports were worth US$ 111.2 billion, and imports worth US$ 72.2 billion. Moreover, steep falls in world commodity and energy prices made imports cheaper for China.

But taken together these figures are worrying the authorities because they are further sign that economic activity is slowing down, which could spell bad news for employment levels and lead to social unrest.

Indeed expectations are not very rosy. In December Shenzhen outward-bound throughput of laden containers dropped 23 per cent year on year; a sign that exports will decline further. The 14.2 per cent growth of 2007 and 16.2 per cent expansion of 2006 are already distant memories.

But Shanghai's container throughput grew 6.8 per cent, making it the world's second-busiest container port behind Singapore.

Also the container throughput of the country's seven major international trading ports—Shanghai, Shenzhen, Qingdao, Tianjin, Ningbo, Xiamen and Dalian—grew 8.5 per cent last year (but down compared to 19.8 per cent in 2007 and 21.5 per cent in 2006).






See also

22/06/2007 HONG KONG – CHINA
Hong Kong port losing its economic standing
Hong Kong is overtaken by Shanghai as the world's second-largest container port. National Development and Reform Commission deputy chairman says former British colony should develop high-end logistics industry and leave container shipping to Guangdong.

13/02/2018 16:14:00 CHINA
Pollution, smog up around Shanghai and Hong Kong

Tighter controls in Beijing drive factories south. China’s average PM2.5 emissions is 64 micrograms per cubic metre, more than six times the acceptable level set by the World Health Organisation.



16/04/2007 CHINA
Beijing admits fish in Yangtze River are dying
An official report reveals that the amount of solid and liquid waste, including industrial pollutants, pesticides and fertilisers, pumped into the Yangtze runs in the billions of tonnes. All life in the river is at the risk of extinction, even the common carp. The river provides 35 per cent of China’s freshwater resources.

08/06/2005 CHINA
Controlling pollution a tough job for the government
The 2004 report by the State Environmental Protection Administration says pollution control is a tough job to do. Industrial development and local authorities dragging their feet are preventing the clean-up of waterways.

02/08/2006 CHINA
Beijing to invest 300 billion yuan to bring water to the north
Western route raises eyebrows for its cost, at least 300 billion yuan, and technical challenges. Work continues on water diversion on the central and eastern routes.


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