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China & Copper: Prepare for Crisis
Posted on July 30, 2008
Container traffic is the proverbial canary in the coalmine of international trade, and at Shenzhen in China, the port that serves key high value export industries, volumes fell in June by 0.6 per cent from the previous month and grew only 3.5 per cent against the same month last year; in H1 2008 volumes were up 7 per cent against 14% during the same period last year.At Shanghai, the country's largest port, container throughput has also halved, and these figures are all the more ominous given that June is the peak month for container traffic; exports are now slowing fast.The domestic situation ...
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