Any thoughts on the impact of this morning's
explosions in the port of Tianjin? Right now the death toll is at 17 with hundreds injured, but that is expected to rise sharply. Early reports suggest everyone within a kilometer radius of the explosion is dead, which would put the likely death toll in the thousands. As of now, the government is imposing a blackout on news coverage to try and keep panic to a minimum.
Human cost aside, I imagine the economic impact, both in terms of damaged goods and ships, ships unable to leave the port, and even more ships bound for Tianjin which have been forced to find an alternate harbor, can't be good for China's stock market.
