Industry observers believe the reduction in cargo traffic is mainly due to a slowdown in demand for goods as a result of the global financial downturn. Industry obververs are very good at stating the totally obvious as if it were news to the rest of the world.
On the other hand, one forecast is that China’s foreign trade will dramatically reverse from 21.8% growth in 2008, with a contraction of 10.5% in 2009, before recovering with 16.9% expansion in 2010.
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