Plunge in China’s coal imports signal a new reality

China will remain a huge market, but growth will decline noticeably over the next few years, note two of the world’s largest shipping banks, Nordea and Danske Bank. Carriers and especially the bulk industry must find a solution to the new situation. Coal imports have fallen dramatically this year

There is nothing to suggest that the era of rising growth rates in China is set to return. This is the forecast from economists in the two largest Danish banks, who like several large foreign banks have lowered their expectations for growth in the vast land in the East.

"Unfortunately, one should likely not expect too much good news from China in the time to come" says Amy Yuan Zhuang, senior analyst in Nordea, based in Singapore.

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