China's port activity sees growth in January-April 2024

In terms of cargo throughput, China's ports managed 5.55 billion tonnes from January to April, reflecting a 5.2 per cent rise compared to the same timeframe last year. This growth is indicative of an expansion in foreign trade, Chinese media reports said quoting the ministry.

The data further highlighted a substantial 9.1 per cent increase in foreign trade cargo throughput over the same period in 2023. Additionally, China's overall goods imports and exports saw a 5.7 per cent year on year growth in yuan terms, surpassing the 5 per cent growth recorded in the first quarter.

ALCHEMPro News Desk (KD)