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China import boost will benefit shipping amid trade tensions, says Cosco chairman

A more balanced Chinese trade will help container carriers to increase backhaul cargoes and improve profitability, Cosco Shipping chairman Xu Lirong tells Lloyd’s List. While the ongoing Sino-US trade war remains a threat, CMA CGM chairman Rodolphe Saadé believes things will quieten down between the two countries and Southeast Asia cannot replace China’s position as an exporting centre

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Remarks come after President Xi pledges to ramp up China’s inbound cargo to more than $30trn in the next 15 years, while Alibaba vows to use its e-commerce platforms to bring $200bn of imported goods into China

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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