China (Singapore) fact of the day

…the [Singapore] water transport segment…contracted on the back of a decline in sea cargo handled. On quarter, the sector contracted 10.3 percent, after gaining 6.5 percent in the first quarter.

There is more on the Singaporean economy here, finance and IT had robust growth, 7.1 and 4.5 percent respectively for the year.  Retail grew five percent.

I wonder why that water transport figure was down?  The manufacturing sector was strongly down too.


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