8/18/2019 Qingdao Ore Terminal Ready to Open This Year

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8/18/2019 Qingdao Ore Terminal Ready to Open This Year

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, ,was "pessimistic" about the prospects of an IPO.

 Analysts said the failure t o get a stock market listing won't affect the port.

Given the weak growth in trade volumes, ports don't need to raise money on the capitalmarkets to invest heavily in infrastructure or increase capacity, Zhang said.

Nonetheless, Chang said that Qingdao port intends to build a 300,000-ton oil terminal thisyear, in addition to the Dongjiakou ore terminal, as well as a coal terminal whose capacity "isstill under discussion".

The port's investment budget this year would be 4 billion yuan ($625 million), Chang said, andit would invest 30 billion yuan over the five-year period starting this year.

China's trade performance has been rocky in recent months. In January, trade fell 7.8 percentyear-on-year to $273 billion. Exports fell 0.5 percent to $150 billion, while imports slid 15.3percent to $123 billion, according to the Ministry of Commerce.

zhousiyu@chinadaily.com.cn

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