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Maersk Line: China disappointed this year

The Asian markets developed very differently in 2013. The Chinese slowdown, with some of the country's Southern regions approaching negative growth, can be felt at Maersk Line.

Photo: Maersk Line

So far, 2013 hasn't developed quite as Maersk Line hoped and predicted in terms of developments in Asia. Several local markets that were expected to serve as growth engines wound up disappointing, and the huge Chinese market has shown signs of weakness that can be felt at the container carrier.

The Chinese economic growth looks set to clock in around 7.5 percent, and even though that's quite a lot in both a global and European context, the numbers mark a decline compared to previous years, where growth rates rarely went below eight percent. The Chinese growth reached 14.7 percent in 2007.

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