Chinese ports report growth

In July, the combined throughput of Chinas coastal ports reached 500m tonnes, a growth of 12.9% over the corresponding 2008 month.

This is the first time since September 2008 that double digit growth has been recorded. Foreign trade, for its part, showed year-on-year growth of 13.8%. The recovery at the ports has been put down to just three commodities: iron ore, coal and crude oil.