China

China

02 Sep 2015
Big retailers in the U.S. are dragging their Chinese suppliers back to the table to re-negotiate order contracts and take advantage of lower manufacturing costs following Beijing’s sharp devaluation of the yuan.
02 Sep 2015
While economists debate the growth and prospects of the BRIC nations of Brazil, Russia, India, and China, their global container trade volumes reflect many of the difficulties that have been the focus of headlines around the world.
01 Sep 2015
China’s manufacturing output contracted for the sixth consecutive month in August as two purchasing manager’s indexes confirmed that the world’s second largest economy is deep in slowdown mode.
31 Aug 2015
China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.
31 Aug 2015
The Chinese company behind Nicaragua’s planned $50 billion canal is reportedly willing to change the route to bypass one of the towns opposed to its construction, even though such an alteration would add $700 million to the cost of the project.
29 Aug 2015
China’s devaluation of the yuan may not kick off a currency war around the world, but it’s already triggered similar moves in Asia, and that’s potentially great news for U.S. retailers, the dominant importers of U.S. containerized products such as apparel, footwear and furniture.
29 Aug 2015
China Southern Airlines reported a stunning first half with cargo volume rising 10 percent overall and belly hold freight growing 27.6 percent compared to the first half of last year.
29 Aug 2015
Trading in shares of the Hong Kong and Shanghai-listed subsidiaries of China’s two largest shipping lines, Cosco and China Shipping, will remain suspended for another week closed-door talks on what is believed to be merger discussions continue.
28 Aug 2015
A senior transportation official in Tianjin, China was found dead Wednesday after falling from his office.
Sue Abt artwork
28 Aug 2015
When China devalued its currency in mid-August after a 10-year run-up against the dollar, the People’s Bank of China described the move as a natural step toward the creation of a market dominated Chinese exchange rate. No one in the market — not importers, exporters, manufacturers, investors or analysts — bought the message. Global stocks and commodity markets sold off at an astonishing rate, triggered by fears that China could launch a prolonged currency war that would boost its own exports at the expense of those it buys from, including the U.S.
28 Aug 2015
China carrier Nan Tsing Container Lines told employees it has suspended all business operations and was preparing to dismiss staff because of mounting debts amid a slowdown in domestic shipping.