(Gavin van Marle – The Loadstar)
China today reported a 6.8% year-on-year increase in GDP for the third quarter – a slight decline on the 6.9% growth in the first half of the year, but nonetheless meeting government targets.
Retail sales grew by 10.3% in September, while factory output, a key metric for container lines, grew 6.6% in the same month.
Carriers should also be buoyed by recent analysis from Alphaliner which suggests the GDP-teu multiplyer – the relationship between economic growth and container volumes – is on on the rise for the first time since the financial crisis hit shipping in 2009. Click here to read more.