China’s cargo and container throughput growth slowed in Q4 2024, with cargo up 2.5 per cent YoY and containers up 4.0 per cent YoY, down from Q3 levels, amid weak external demand.
The Shanghai and China Containerised Freight Indexes fell 27 per cent QoQ but remained significantly up YoY.
Fitch expects slower throughput growth in 2025, as US tariffs and global uncertainties weigh on exports.