Shanghai - Growth in throughput at Chinese ports slowed in 3Q24 due to weaker exports to most markets and subdued domestic demand, and Fitch Ratings expects growth in 4Q24 to be muted.

Fitch expects limited cargo and container throughput growth in 4Q24 as the upfront loading effect fades. While exports may rise in 4Q24 due to last year’s low base, overseas demand may stay tepid. Domestic weaknesses weigh on China’s consumption and investment, and Donald Trump’s election as US president adds to downside risks. However, this may prompt China to implement a more . . .