People are buying less from china..

Published January 12, 2010

Shanghai box volume falls as China trade slumps

(SHANGHAI) Shanghai’s annual cargo box traffic fell for the first time in more than three decades on slumping demand for Chinese exports, undermining the port’s bid to surpass Singapore as the world’s busiest container harbour.

Shanghai’s container volume fell 11 per cent to 25 million 20-foot-equivalent boxes in 2009, Shanghai International Port (Group) Co said on its website yesterday. It was the first annual decline since China’s government started the container port facility in the city in 1978, Du Qidong, deputy secretary general of the China Ports & Harbours Association, said yesterday.

Overseas shipments from China, the world’s second-biggest exporting nation, fell 16 per cent last year as the global recession cut demand. Asian container lines have parked vessels and slashed sailings as consumers in the US and Europe buy fewer textiles, computers and furniture.

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