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Shanghai is set to overtake Singapore as the world's busiest port in 2008 as
the Chinese economy continues with its stellar growth, an executive of the
city-state's port operator said in remarks published yesterday.
Flourishing global trade has enabled Singapore terminals to handle a record
number of shipping containers in May, but volumes in Shanghai are growing
faster, Kuah Boon Wee, chief executive of PSA for South-East Asia and
Singapore, told the Straits Times.
“It's a function of their growth and China's exports are surging,” Kuah
said.
Chinese state media said last month that Shanghai has overtaken Hong Kong to
become the world's second largest container port in the first quarter. – AFP
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