Caixin
Dec 27, 2018 07:15 AM
ECONOMY

Chinese Ports Face Stronger Tides of Trade War, Consolidation

Chinese ports are likely to see business decline in 2019 as a result of the trade war with the U.S., a UBS Security analyst said. Photo: VCG
Chinese ports are likely to see business decline in 2019 as a result of the trade war with the U.S., a UBS Security analyst said. Photo: VCG

China’s port industry faces fresh tests in the coming year as the trade war with the United States starts to take a toll on business and as the central government steps up efforts to promote port consolidation and price cuts, a UBS Securities analyst said.

The escalating trade frictions since March have led to several rounds of tariffs and forced traders to adjust shipping schedules, and the major effects on port business will start to show in the first quarter 2019, said Xu Lin, an industrial and infrastructure analyst at UBS Securities.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.