China’s air cargo market will continue to grow despite a recent slowdown in exports as the US economy contracts.
Speaking at a recent air cargo forum in Shanghai, air cargo company executives said China’s market was moving towards a more balanced trade, maturing with quality services and eco-friendly efficiency.
Alexander Kopkov, air cargo manager of ATC International Freight and Forwarding (Shanghai), noted that China did not only lead the region in the international air market, but that its development and global integration was boosting the economies of neighboring partners such as Russia.
Air transport volume between China and Russia, which has been increasing over the past few years, was the deciding factor in ensuring Russia’s air cargo market maintained a two-digit growth over the next decade and a half, Kopkov said.
Sebastian Chan, vice-president of supply chain operations at UPS China, agreed, noting that the domestic market was taking on increasing importance, as seen by the high numbers of imports and the investment in domestic transportation in China. More on this HERE.
Source: CargoNews Asia