China Merchants Group, parent of China Merchants Holdings (0144.HK), is looking for overseas projects as domestic trade growth slows after a "stellar" 2010, Bloomberg reported. The company, which holds stakes in ports which move around a third of China’s containers, said it is looking at building ports and investing in port facilities in emerging markets. Company chairman Fu Yuning said mainland port traffic is expected to cool over 2011 following this year’s surge in post-financial crisis deliveries of toys, furniture and auto parts. However, Fu said China still offers good opportunities for growth. "The country is still undergoing rapid urbanization and that creates demand for infrastructure, demand for trade and for financial services." Other than shipping, the group also operates in several business lines including banking and real estate.
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