China to address ‘plague’ of soaring shipping rates, insufficient capacity weighing on SMEs

With record high shipping rates and insufficient transport capacity set to “plague” companies in China into next year, Beijing is set to study targeted measures to help exporters.Surging prices and gridlocks are wreaking havoc on global supply chains, the cost of sending a container from Asia to the east coast of the United States this week rising by 442 per cent from a year earlier to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos on Wednesday.“The…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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