China’s state-owned port operators are stepping up their investments abroad, taking advantage of depressed asset prices at a time when the global shipping downturn has forced other firms to cut debt by unloading assets.
For years, extensive investment and development of China’s port infrastructure have helped drive growth for these companies—led mainly by China Merchants Holdings (International) Co. Ltd. and the ports unit of shipping giant China Ocean Shipping (Group) Co.
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Joanne Chiu, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/KN-iTUIo9_k/
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