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Chinese harbors get more freight over Spring Festival amid financial revival


( MENAFN ) According to the latest statistics from the China Ports & Harbours Association (CPHA), China s main coastal harbors were busy throughout the Spring Festival holiday amid the sturdy revival of the Chinese financial system, with the container throughput of main center harbors increasing quickly.
Throughout the Spring Festival holiday, which ran from February 11 to 17, the container throughput at Shanghai harbor augmented by more than 20 percent compared with the number from 2020, while the container throughput at Ningbo Zhoushan Port augmented by 28.85 percent.
As a barometer for the economy, the busy harbors show the strong revival of the Chinese economy. In January 2021, the container throughput of China s top eight center harbors augmented by 9.6 percent year on year. The expansion of Tianjin Port, Shanghai Port, Ningbo Zhoushan Port, Guangzhou Port and Shenzhen Port all surpassed 10 percent. In the meantime, freight throughput of the three key ports along the ....

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Wall Street ends little changed | MarketScreener


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Stocks barely budged on Wall Street, ending Friday mixed. The Great Rotation advanced as investors bet on an economic recovery. They sold tech shares that have rallied throughout the health crisis like Facebook and Netflix and bought Deere, Caterpillar and other economically sensitive cyclical stocks.
Mercadien Asset Management president Ken Kamen says investors should take some profit on tech stocks and invest more in value and cyclical stocks.
It s not that we ve we are abandoning growth or suggesting people shouldn t but I think it s time to pare that. I mean the markets just doing so well and a lot of these growth stocks are priced for more than perfection. ....

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