The recovering economy also revenue rises and a huge spike in net profit for northern China commodities-focussed port group Qinhuangdao Port in the first nine moths, with profit rising more than fivefold to RMB857.3m ($129m) from RMB155.6m previously on  a 54% rise in revenue to RMB5.23bn.

The good results were  “all  mainly  due  to  the  increase  in  revenue  as  aresult  ofthe  combined  effect  of  the  stabilizing  and  recovering  macro  economy,  the  increase  intransport  volume  of  Datong-Qinhuangdao  Railway,  the  rationalized  competition  from surrounding ports and the resumed coal operating rate”, Qinhuangdao Port said in a stock market announcement.

The group typically does not disclose throughput data in its quarterly updates but forecasted a higher full-year profit for 2017.