Trading tensions with the US may push Brazil closer to China
Brazil is likely to seek new trading opportunities outside the US, after the US Trade ...
© Chuyu
By Alex Lennane
Shanghai Daily has warned that the slump seen in industries such as steel and cement will soon hit the ports business. While trade weakness is the main problem, the article also points out that in combination with port overcapacity, it can affect local economies. It predicts the difficulties China’s ports will have in the future as they go from profit to loss. “Too many city governments counted on new ports to boost local GDP data,” said a professor.
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