SLOWER GROWTH PATTERN WILL NOT BE BAD FOR SHIPPING

The rapid pace of development envisaged by the Chinese authorities in 1978 and eagerly seized upon by the country's trading partners in the non-Communist world has given way to a much more sober prognosis. China's rulers publicly accepted last year that their original goals were unattainable and announced an adjustment of economic policies for 1979-81, involving a switch of emphasis from heavy industry to agriculture, power generation and light industry. Import growth and oil and coal production have all been reduced from earlier targets, and there has been a pronounced decline in the expansion rate of the Chinese fleet from the very rapid pace set in 1978. The implications for shipping demand of this readjustment are by no means gloomy, however. Trade is developing steadily, rather than at an unstable and unsustainable pace, and the gradual strengthening of trade with farther flung partners in Europe and North America--which can be continuously monitored through our shipping movements data bank--augurs well for potential growth in ton-mile demand. The article covers: Fleet expansion; Control of trade; Port Expansion and Modernization; China's trade deficit; Grain Requirements; Co-operation with the U.S.; Bulk imports and exports; Japanese oil imports and the political climate in China.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/5773411
• Corporate Authors:

  Lloyd's of London Press Limited

  Sheepen Road
  Colchester, Essex CO3 3LP,   England 
• Publication Date: 1980-4

Media Info

• Pagination: p. 8-14
• Serial:
  • Lloyd's Shipping Economist
  • Volume: 2
  • Issue Number: 4
  • Publisher: Informa UK Limited
  • ISSN: 0144-6673

Subject/Index Terms

• TRT Terms: Bulk cargo; Exports; Fleet management; Foreign; Imports; Improvements; Policy; Port operations; Ports; Shipbuilding; Shipping; Trade; Trend (Statistics); Water transportation
• Geographic Terms: China
• Old TRIS Terms: Bulk trade flows; Fleet requirements; Foreign maritime development; Shipping trends; Trade development; Trade policies
• Subject Areas: Marine Transportation; Policy;

Filing Info

• Accession Number: 00312387
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 22 1980 12:00AM