While most of the world continues to struggle with Covid-19, China is well on the road to recovery. World Bank forecasts suggest the Chinese economy will grow nearly 8 per cent this year, twice as fast as the UK, Europe and America.
Industrial activity is already picking up fast in the People s Republic, evidenced by rising imports of oil, coal, steel and other bulk commodities.
The trend may seem frustrating to nations still facing lockdowns and other tight restrictions but it is good news for businesses involved in international trade, such as Braemar Shipping Services.
Midas recommended the shipbroker in May last year, when Braemar shares were 99p.