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News on China.

Huge Chinese ambitions threaten Europe's shipping sector

China has several projects in the works aimed at helping the country's shipbuilding and shipping sector. "I don't think that in the shipowners community there is a full understanding of the impact of the Chinese policy yet," says Sea Europe's Secretary General in an interview with ShippingWatch.

WTO lowers its global growth forecast significantly

The WTO has once again lowered its expectations for global growth. Next week the IMF will present its projections, which the IMF head indicates will also be lower. New customs tariffs between the US and China as well as uncertainty surrounding Brexit are key factors.

Port of Hamborg's exec is not losing sleep over China

One in three containers floating though the Port of Hamburg is on its way to or from China. And yet, port executive Axel Mattern is not worried about the turmoil surrounding the Chinese economy. There is still a momentum, says Mattern in an interview with ShippingWatch.

The Chinese government is looking to seize Maersk's leading position

Official statements from the Chinese government reveal that it has ambitions to unseat Maersk as the world's largest container carrier. This is evident from a warning about China's influence by the Secretary General of Sea Europe, which organizes one of the cornerstones of the European maritime sector.

Chinese downturn hits companies harder than expected

An increasing number of industry companies are experiencing declining sales in China, writes Wall Street Journal. "We had planned on an economic downturn in China, but it is actually worse than expected," says the former Caterpillar CEO.

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