Leather shoe downturn also affects China’s ports
23/09/2016
In a recent Financial Times report into the shipping industry, the newspaper highlighted the fact that China’s container ports are running considerably under full capacity. In fact, the FT said that although China has seven of the ten busiest container ports in the world, its ports, collectively, have an excess capacity equivalent to 50 million TEUs (twenty-foot containers) per year, greater than the volume of containers that currently flow annually through Russia, South Korea, Japan and Taiwan combined.
The newspaper said that efforts on the part of the Chinese government to encourage companies to produce high-value, low-polluting products such as computer chips and smart-phones is having an effect on ports for the simple reason that these products “use up less space on ships than shoes do”.
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