Bimco: China growth ambition good news for shipping

China wants to raise its GDP by 7.5 percent in 2014, and a strong China is fundamental to the industry's return to sustainable markets, says Bimco chief analyst Peter Sand.

In 2014 China plans to increase its GDP by 7.5 percent, said the country's prime minister Li Keqiang at the annual meeting with the Parliament recently, and even though the number is slightly lower than 2013's 7.7 percent goal, the announcement still comes as good news to shipping, says Peter Sand, chief analyst at Bimco.

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