Volumes fall in China
Volumes of cargo through Shanghai and Shenzhen fell in June compared with the previous month, although they are still well in excess of 2009. Authorities in Beijin forecast that exports will start to decline as he global economy remains unpredictable. Imports are expected to grow, but still at a slower rate than in the first half of the year. The economic recover in the USA and Europe – China’s largest export markets – is shaky and this is one of the reasons why a slow-down is expected.