From the window in Jessie Chung’s office, Hong Kong’s container port looks like a thriving hub of activity, funnelling Chinese products and other cargo to the rest of the world.
But Ms Chung, chairman of the container terminal operators’ association, concedes that the global slowdown, China’s shift away from low-cost manufacturing and increased competition from bigger Chinese ports are taking a heavy toll.
In the first half of the year, Hong Kong handled 10 per cent fewer containers than during the same period in 2015 and is on course for its fifth consecutive year of declines.
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