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Driving the National Economy with Water


□ Sammie Gong

  Water transportation has beenplaying an increasinglyimportant role in China'snational economic development. Today,95% of crude oil and 99% of iron ore istransported by water.
   In the first quarter of 2007 alone, thelisted logistics companies in the watertransportation industry generated totalrevenue of RMB 5.8 billion Yuan, whichwas up 10.57% over the previous year,however still 2 percentage points lowerthan the increase from 2006, The overallperformance of China's shipping indus-try has been heavily influenced by thewide seasonal fluctuations of the interna-tional freight index.

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