COSCO Shipping’s port operations increased their container handling in China by 4% on a year earlier in March. That was the fastest rate in 12 months, but lagged the broader mainland growth of 10%. Its asset mix is more heavily exposed to the underperforming Bohai basin (especially in Qingdao, which fell) and less exposed to Shanghai than the average. Its ports also lagged the 15% jump in handling experienced by Hong Kong during the month. The company expects mainland volumes to expand 3% this year, and is focussing its attentions on the broader ‘one belt one road’ policy of the Chinese ...