The Port of Qingdao is one of the most important in China, and a large component of Qingdao’s economic activity. Ask 5 of your Qingdao friends what they do for a living, and it’s a good bet that at least 2 or 3 will answer shipping, logistics, shipbuilding and related industries.
Just how vital of a role this port serves was reinforced by a UK Reuters article citing the Port of Qingdao as a “bellwether not only for the health of Chinese exports, but also for the state of Chinese industrial demand”.
It is hoped that the increase in port volume signals a healthy trend in the Chinese economy, which in turn might both indicate and propel further economic recovery overseas. Now if only more people could work the word bellwether into their everyday vernacular.
More info on the Port of Qingdao and on Marine Traffic.
Shipping rates to / from Qingdao on icontainers.
Relevant Links:
Reuters Online
Photo Credit @ Eimskip Coldstore
1 Comment
1 Pingback