China Merchants expects steady growth in second half of year

China Merchants Port Holdings (CMPort) expects steady growth in the second half of 2022, following a challenging period where growth in mainland China slowed down following pandemic-related lockdowns.

Speaking at the company’s annual general meeting, Yim Kong, executive director and managing director of CMPort, said: “As the pandemic eases, the pressure on the cost of epidemic prevention at the terminals will be reduced and the Pearl River Delta and Yangtze River Delta regions have resumed work and production.”

He noted that the port operator has adopted various refined management measures to manage cost, while adding that the RCEP agreement came into effect at the beginning of the year and the traditional peak shipping season in the second half of the year is coming.