Chinese Ports Receive More Cargo Over Spring Festival Amid Economic Recovery
Umer Jamshaid Published February 19, 2021 | 12:58 PM
China's major coastal ports were busy during the Spring Festival holiday amid the strong recovery of the Chinese economy, with the container throughput of major hub ports growing rapidly, according to the latest data from the China Ports & Harbours Association (CPHA)
BEIJING (UrduPoint / Pakistan Point News - 19th Feb, 2021 ) :China's major coastal ports were busy during the Spring Festival holiday amid the strong recovery of the Chinese economy, with the container throughput of major hub ports growing rapidly, according to the latest data from the China Ports & Harbours Association (CPHA).
During the Spring Festival holiday, which ran from Feb. 11 to 17, the container throughput at Shanghai Port increased by more than 20 percent compared with the figure from 2020, while the container throughput at Ningbo Zhoushan Port increased by 28.85 percent.
As a barometer for the economy, the busy ports indicate the strong recovery of the Chinese economy. In January this year, the container throughput of China's top eight hub ports increased by 9.
6 percent year on year. The growth of Tianjin Port, Shanghai Port, Ningbo Zhoushan Port, Guangzhou Port and Shenzhen Port all exceeded 10 percent. In the meantime, cargo throughput of the three key ports along the Yangtze River increased by 21.3 percent year on year.
The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.3 in January, staying in the expansion zone for the 11th consecutive month, data from the National Bureau of Statistics showed.
The CPHA predicted the container throughput of Chinese ports would continue to enjoy robust growth in the first quarter of this year, as factories have been resuming production after the holiday.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
2 hours ago -
Pak-US officials engage to enhance trade, investment ties
3 hours ago -
Stocks fall as tech shares sink, US economy slows
4 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
5 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
5 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
5 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
5 hours ago -
Zhao Shirin calls on Punjab Industries Minister
5 hours ago -
CEO APM Terminals calls on Finance Minister
5 hours ago -
SACM visits GTVC checks attendance register
6 hours ago -
CEO APM Terminals meets Commerce Minister
6 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
6 hours ago