China’s cargo throughput growth slowed to 3 per cent YoY in Q2 2024, down from 6 per cent in Q1, with container throughput up 7 per cent YoY, driven by strong ASEAN demand.
Exports rebounded by 4.4 per cent YoY, led by a 15 per cent surge to ASEAN.
Despite high shipping rates, Fitch Ratings warns of potential risks from global economic uncertainty.