China port industry continues to expand

A report on the state on China’s port cargo industry has just been published.

Based on the statistics from the Ministry of Transport, the National Bureau of Statistics and the China Federation of Logistics & Purchasing, and the financial statements of some key companies, this report makes:
China’s port cargo throughput has continued to grow rapidly in recent years.

In 2007, China’s port cargo throughput rose to 6.41 billion tons from 2.21 billion tons in 2000 and the CAGR (compound annual growth rate) was 16.4% in the period 2000 to 2007.

China’s port cargo throughput in 2007 increased 15.1% against the year of 2006.

The report states China’s economic growth will continue to slow down, due to inflationary pressure and a slowdown of real estate investment.

China’s port industry is closely associated with its national economy and import and export, so the industry will see its growth of cargo throughput decelerate. However, it will maintain the momentum of a relatively fast growth.