Global downturn fails to dampen the spirit at Dalian Port

NORTHEAST Asia is expected to remain a bright spot in an otherwise gloomy world economy going forward, accounting for around 30 per cent of global GDP by 2020, says Port of Dalian president, Mr Sun Hong.

As a percentage of total world trade, northeast Asia now accounts for 34 per cent and this is expected to increase to 38 per cent by 2012.

Much of that growth in recent years has originated from northeast China. The region's GDP growth is higher than that of the entire nation, and in 2007 its GDP growth doubled from its record in 2002.

As for foreign trade, Northeast China was responsible for a total of US$87.1 billion in trade volumes in 2007, representing a 25.9 per cent year-on-year increase, which was 2.4 per cent higher than the nation's average.

Source: Shipping Gazette