Chinese Ports Face Stronger Tides of Trade War, Consolidation
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.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas