ASIA

CMH announces cut backs

18 years ago

China Merchants Holdings (International) is to cut back plans to develop terminals and also possibly adjust capital expenditure as the economic downturn begins to impact in China.

Exports from the Pearl River Delta will be particularly vulnerable in the last two quarters of this year, claims the company. Boxes throughput at both Hong Kong and Shenzhen is also expected to have little or no increase in 2009.