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Nordea Markets: Chinese slowdown could last for decades

According to Nordea Markets, the structural slowdown in China could last for decades. A development strengthens doubts about a recovery in the dry bulk market.

BY OLE ANDERSEN

China is facing a structural slowdown that could very well last for decades, says Nordea Markets in its latest Market Outlook for the country's economic developments, where China's construction activity faces developments in the coming years that will not only divide the waters at economists, bank analysts and international financial institutions.

China's numbers on growth in housing and construction activity are extremely poor, which makes it difficult to forecast future growth and thus also predict developments in one of the most crucial sectors for the struggling dry bulk industry that is weighed down by a fleet with far too many ships.

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