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Branche China is gaining momentum Despite negative growth forecasts, the Chinese economy is gaining momentum. There has been a noticeable increase in industrial production as well as retail trade and construction. The manufacturing industry increased its production by 6.3 per cent compared to the same month last year. State infrastructure investments as well as the construction boom drove the demand for building materials. There is also a revival of the steel industry, the latter having reduced its capacity for a long time. Investments in facilities such as factories rose by 8.1 per cent, slightly more than expected. Investments in real estate rose by 6.2 per cent. With 6.7 per cent economic growth, China has achieved its target of 6.5 per cent to 7 per cent. Nevertheless, the question remains how the structural change and the consequences of Brexit will impact the second largest economy in the world in the medium term. The Trotec-Gizmo team in Mexico. 52 Trotec Laser Higher freight rates As was to be expected, the Korean company Hanjin became the first major shipping company to collapse a few weeks ago. About 80 ships of Hanjin were not operating mid-September. Although the number of vessels not operating represents only a fraction of the global container ship fleet of 6000 ships, the situation has already had an impact on freight rates: in the first week following the insolvency, the freight rates between Asia and North Europe rose by nearly 40 per cent, and between Asia and the USA by more than 50 per cent. Other cargo areas are now affected, including routes between Asia and the Mediterranean. The loss of the vessels is causing a noticeable drop in capacity and a temporary market adjustment that benefits the competitors in the form of higher freight rates. In the medium term, the Hanjin vessels may sail again after resale or recovery by the creditors, so that the immense overcapacity under which the market has been suffering for a long time is unlikely to be reduced. For importers, this would mean that the higher freight rates would not last. PSI Journal 11/2016 www.psi-network.de Economy New subsidiary opened in Mexico Trotec Laser GmbH has further intensified its activities in South America. In this connection, Trotec has acquired the former distributor Gizmo S.A. in San Francisco del Rincón, León. Gizmo is regarded as an established and successful distributor of laser machines and engraving materials, making it an adequate partner for the sustained expansion course of the manufacturer of laser system solutions and laser equipment for labelling, cutting and engraving diverse materials and laser-engravable materials from Austria. “Active customer proximity and optimum service continue to have top priority in laser processing”, says Andreas Penz, managing director of Trotec Laser, emphasising the importance of expansion. “With this acquisition, we will become the leading supplier of laser devices and materials in fast-growing Latin America and expand our global presence.” www.troteclaser.com Hanjin collapse

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