China Freight Transport & Shipping Report Q3 2018
BMI View: The trade outlook for China remains positive with strong export and import growth slated to drive economic momentumover the next five years. Rising levels of domestic demand will be further bolstered by domestic income trends as middle-classconsumer begin to support higher economic activity. Strong positive upside risks to the freight and logistics sector come from themassive investment projects at home and abroad as part of the One Belt, One Road initiative and the landmark 13th Five Year Plan(2016-2020), that will diversify the economy and support national transportation and logistics. Negative risks emanate from apotential trade war that looms in the background with Washington D.C., as President Donald Trump continues to pressure China intoaddressing the large trade imbalance.
Argentina, traditionally a relatively strong tourism destination, is set for rising visitor numbers over the short-to-mediumterm. From 2018, we expect renewed economic activity to feed through into greater domestic and international tourism,encouraging renewed investment in the hotel sector. The government, keen to maintain a strong and lucrative tourism sector, hasannounced significant plans to develop domestic travel infrastructure in a bid to make rural areas more accessible. Many of themajor hotel chains, already well established in the main cities, have expressed a desire to develop properties in these up-and-coming areas, but may well wait until planned infrastructure projects have been completed.
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