MNI BRIEF: China Port Cargo Accelerates In July - Ministry

China’s port cargo throughput reached 1.54 billion tonnes in July, up 6.9% y/y, 2.2 percentage points faster than June, the Ministry of Transport said on Wednesday.

Domestic and foreign trade port throughput grew 7.6% and 5.5% y/y, marking a 1.5 and 3.6 percentage point rise from the previous month. Container throughput reached 29.96 million twenty-foot equivalent units (TEU), up 2.7% y/y.

From January to July, total port cargo throughput stood at 10.44 billion tonnes, up 4.4% y/y, while container throughput reached 200 million TEUs, up 6.2% y/y.

Policymakers will seek to balance external uncertainties with stable investment and consumption, while using targeted measures to avoid excessive volatility in equity and foreign exchange markets, an advisor recently told MNI. (See MNI PBOC WATCH: Ample Liquidity Ensured)