Chinese Ports Receive More Cargo Over Spring Festival Amid Economic Recovery
Umer Jamshaid 8 days ago Fri 19th February 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

Ireland's Sam Bennett wins Dubai Stage of UAE ..

IMF Managing Director calls for strong G20 policie ..

US Operation in Syria Used Precision-Guided Muniti ..

Nikola acknowledges some claims were inaccurate

US Intelligence Report Assesses Saudi Crown Prince ..

Colombia Creates Military Command to Counter Drug ..
More Stories From Business
-
UPDATE - Ecuador Interested in Russian Investments With Technologies Transfer -Presidential Hopeful
5 hours ago -
Ecuador Interested in Russian Investments With Technologies Transfer -Presidential Hopeful
5 hours ago -
US Stocks End Week Broadly Lower; Nasdaq Suffers Worst Week in 4 Months
6 hours ago -
US Stock Market Regulator SEC Suspends Trading in 15 Companies Over Social Media Action
6 hours ago -
WHO Probing Another Wuhan Wet Market for COVID-19 Origins - Reports
7 hours ago -
Mexican state oil firm Pemex reports $23 bn loss in 2020
8 hours ago -
Stocks slump despite drop in bond yields
10 hours ago -
Gold rates in Karachi on Friday 26 Feb 2021
10 hours ago -
Lahore Chamber of Commerce and Industry for focusing agri sector to support economy
11 hours ago -
Nasdaq rises as US bond yields retreat
11 hours ago -
Asia, Europe stocks slump, US attempts rebound
9 hours ago -
Pakistan to save around $3 bln under new LNG deal with Qatar: SAPM
13 hours ago
Education - Urdu News - Car Prices - Breaking News - English News - Live Tv Channels - Urdu Horoscope - Horoscope in Urdu - Muslim Names in Urdu - Urdu Poetry - Love Poetry - Sad Poetry - Prize Bond - Mobile Prices in Pakistan - PTV Sports - English to Urdu - Big Ticket - Translate English to Urdu - Ramadan Calendar - Prayer Times - DDF Raffle - Islamic Calendar - Events - Today Islamic Date - Travel - UAE Raffles - Travel Guide - Arabic - Urdu Cooking Recipes - Directory - Pakistan Results - Past Papers - BISE - Schools in Pakistan - Academies & Tuition Centers
UrduPoint Network is the largest independent digital media house from Pakistan, catering the needs of its users since year 1997. We provide breaking news, Pakistani news, International news, Business news, Sports news, Urdu news and Live Urdu News
© 1997-2021, UrduPoint Network
All rights of the publication are reserved by UrduPoint.com. Reproduction without proper consent is not allowed.