BEIJING: Trade with China helped build the ports of Los Angeles and Long Beach into an economic powerhouse in recent decades. The flow of goods across the Pacific supports well-paying jobs on the docks and has turned the Inland Empire into an epicenter of warehousing.
But China’s economic growth is slowing and concerns over the world’s second-largest economy have unnerved investors, leading to wild stock market swings in recent weeks.
So what does the subdued growth rate mean for a port complex that last year handled nearly $200 billion in goods from or bound to China, making the country its largest trading partner?
We asked international trade economist Paul Bingham of Economic Development Research Group Inc. for his thoughts. Here are some excerpts from the discussion.
Shipping activity at Port Qasim on February 11
KARACHI: Three ships namely, Glen Canyon, Al-Salam- II and TSM Pollux carrying Containers, Gas oil and Palm oil were arranged...
