Shanghai’s throughput rises 5.4%
Print Edition
SHANGHAI port’s total throughput rose 5.4 percent from a year earlier in the first four months of this year despite a cooling Chinese economy, the city government said yesterday.
From January to April, the city handled 11.79 million TEUs (twenty-foot equivalent units) of containers, with foreign trade accounting for 87 percent.
Meanwhile, Shanghai’s total value of imports and exports in the period accounted for 28 percent of China’s total volume, up 1.5 percentage points from a year ago.
However, the value of Shanghai’s trade decreased 3.4 percent year on year to 2.12 trillion yuan (US$342 billion) in the first four months.
The drop was lower than the 7.3 percent decline recorded in China’s trade value.
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