Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Bullish China report helps allay bulker fears

Bullish China report helps allay bulker fears

New YorK: An upbeat economic forecast from US investment bank Goldman Sachs released earlier this month should help to allay some of the concerns of bulk shipowners as they prepare to commission record volumes of tonnage - some 25m dwt next year, according to Clarksons. Goldman predicts the Chinese economy will continue its cracking pace of growth over the next two years, partly because Chinese consumers themselves will be spending more. The report forecasts that China's GDP will grow by 9.8% in 2007 and 10% in 2008. This compares with the country's National Bureau of Statistics' estimates that the economy grew by 10.7% in the first nine months of the year.  [14/12/06]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.