China emerged from the pandemic as major ports and railways recovered in Q1 2023

Posted on April 14, 2023   |  

High domestic consumption, elevated transport services, and better market anticipation drove the rebound, amid high global inflation.

In Q1 2023, Hebei Port Group's cargo throughput grew annually by 14.1% to 194 million tons, and total profits grew by 20.1% to $109 million.

Beibu Gulf Port’s cargo throughput grew by 5.5% and the waiting time of container ships also fell by 44%.

Railway freight volume saw a boom in the same period, as 970 million tons of goods were delivered, a year-on-year increase of 2.3%.

In March, the China Bulk Merchandise Index reached a 32-month high of 103.4, which raised the demand for major commodities markets.