With the three state-owned carriers in China reportedly seeking financial assistance to cope with the global economic slump, the Chinese government's warnings would not be made lightly.

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And, crucially, Indonesia is weathering the global financial economic slump better than most places.

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The election comes amid the deepest global economic slump for two generations.

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The shipping industry, often seen as a barometer of global economic health, has been hurt by high fuel costs, a slump in trade, and the retreat of lending from European banks.

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During the recent economic downturn that brought havoc throughout the global auto industry Ford saw production slump from 5.532 million units in 2008 to 4.817 million units in 2009.

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" In spite of uninspiring trade figures, the global electronics slump, and concerns about poor earnings in the property sector, he says: "We believe economic growth in the second half will surprise on the upside.

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