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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (551)	8/28/2003 12:39:49 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's Growth Creates a Boom for Cargo Ships By KEITH BRADSHER HONG KONG, Aug. 27 ?Less than two years after many of the world's cargo ships lay idle and were worth no more than the scrap value of their steel, shipping lines around the world are enjoying one of their most profitable booms ever, and they have the rapid expansion of the Chinese economy to thank for it. China has become a ship line executive's dream. It is importing huge and growing quantities of oil, iron ore, coal and other bulky raw materials from the Persian Gulf, Australia, Brazil and Canada, and exporting rising quantities of furniture, consumer electronics, toys and other finished goods to American and European markets. nytimes.com