COSCO Pacific results show slow August growth in Chinese throughputs

Chinese state-owned terminal operator COSCO Pacific has released its August throughputs which shows that throughput growth was slow or negative in many of the Chinese terminals which it has a stake in.

This poor August follows impressive first-half results from the company which announced that throughput was up by 6.8% at its terminals in China.

On September 22, the Asian Development Bank said that China’s slowing economic growth would affect demand in Asian economies. It expects economic growth of around 6.8% in 2015, as does the International Monetary Fund.