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The Recession and China's Imports |
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By Caitlin Dashon
 The slowdown in world trade has resulted in reduced imports from all places including China. It has also reduced the number of contracts in the import market in China. As the worldwide demand for Chinese imports continues to increase, particularly in Europe and in the U.S., in China, the import container volumes have been significantly reduced. While the import industry reviews investment planning and operations, the extension plans were put on hold after the international import market changed. For instance, plans for the development of the port of Ningbo Port Zhousan China have been stopped indefinitely. In order to complete the terminal in Shanghai, there were plans to build nine new container terminals inside the port. The development of the terminal of Jintamg Dapokou was in the center of the expansion plan of import services. This plan has five container births and a quay of 1.8 km, which would redefine the import services in the area.
But, these days, these plans have been put on hold as the economy in China which is dependent on exports slows down as a result of |
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