The latest data from 2018 shows that China is now the largest economy in the world. This improvement in China’s relative results is encouraging news in China’s forwarding sector, which has been struggling with the global drop in trade in recent years. However, even with the global crisis, there has been a certain increase in China’s cargo infrastructure in 2018, in anticipation of this improvement in performance and planned to increase demand for freight services. The Chinese response to the global economic crisis was to take advantage of the initiative and plan a better future of cargo exports from China to the US.
Over the past few years, demand for Chinese imports in the world has risen, which, of course, has had a major impact on the cargo industry in the export-dependent country. Demand for Chinese goods such as toys, furniture and textiles has increased in recent years. The two largest Chinese container ports are Shanghai and Shenzhen.
Shenzhen Ships Information is a direct reflection of production in the delta of Pearl River. How imports into China have also increased. Inputs include raw materials and components, which are then converted into finished products for export to various parts of the world. The high level of imports of raw materials for subsequent processing and export implies that the cargo sector in China has double strength, as increased production due to increased demand for imports freight from China to US has a direct impact on international freight transport in China as well.
During this period, domestic demand in China has led to an increase in domestic container trade, and this is a welcome news for many shipping companies. Domestic demand is usually seen in increased trade in freight from the south of China to the north. In general, the benefits of domestic freight traffic have been experienced in Shanghai, northern ports such as Quingdao and Tianjin, and in smaller ports, since they manage a larger share of domestic trade to shipping companies.
However, driven by the effects of the global crisis on China, Beijing has increased its concentration on strengthening the infrastructure of international freight transport. The Chinese government has run a series of initiatives. Including physical updates and system audits affecting international trade and international freight transport services.