In the first half of 2015, the total volume of export trade increased by 1.0% year on year and that of import trade decreased by 15.5% year on year in China. [File photo]

In the first half of 2015, the total volume of export trade increased by 1.0% year on year and that of import trade decreased by 15.5% year on year in China. The increase of port handling capacity in China is slowing down.

Listed port corporations showed that the port industry was influenced by the slowdown of the import and export, thus their income and net profit suffer some degree of decrease.

Qingdao port, however, had a good performance because of reforms in finance, internationalization and Internet. In the first half of 2015, its net profit reached 1.12 billion yuan, increasing by 29.58% year on year.

CEO of Port of Qingdao Cheng Xinnong said, the volume of tradition service of Qingdao port decreased. But we reassign the resources and transform our service through finance companies to extend our ways to make earning in the reform, which improve our profit structure greatly, Cheng said.

According to the report of the company, the performance of industry represented by loading and unloading decreased but that of smart economy represented by logistics and finance increased, accounting for 47.6%.