For Christmas product sellers in Yiwu, the world’s largest wholesale market for Christmas ornaments in East China’s Zhejiang Province, the business winter they experienced last year because of the coronavirus outbreak has passed, but the spring has not yet come, as new problems like rising raw material costs and labor shortages emerge in 2021, preventing...
Operations at the Meishan wharf of at the Ningbo Zhoushan Port in Ningbo, East China’s Zhejiang Province, were suspended starting on Wednesday, with cargo ships originally bound for the port being redirected to neighboring ports, the Global Times learned, after an employee of the Meishan wharf tested positive for the coronavirus – the first case...
China’s economic risks are building in the second half of the year, with growth set to slow while inflation pressures are picking up, clouding the outlook for central bank support. A report Monday showed factory-gate inflation surging again to 9% in July as commodity prices climbed, while core consumer prices — which strip out volatile...
Many US politicians have been pushing for an economic decoupling from China, but latest trade data shows that the two biggest economies remain strong in terms of trade despite tense bilateral relations, showing the failure of the US’ decoupling efforts, Chinese analysts said on Sunday. As bilateral trade continues to grow and US companies are...
BEIJING – Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s turning into a disadvantage now, as the pandemic and trade tensions disrupt international supply channels. Many goods can’t be shipped out, said Fang Xueyu, vice president of international...
The Italian Republic is in the center of the Mediterranean Sea, in southern Europe, which makes it a strategic country for international trade. Based on data from Expansion (2021), Italy is one of the 10 most important economies in the world, reaching a Gross Domestic Product (GDP) of 1.6 trillion euros in 2020. In addition,...
Most part of transportation system in Central China’s Henan Province has seen the resumption of normal services as of Thursday, after heavy downpours and floods drenched the province on July 20, said Ministry of Transportation (MOT) on Thursday. By 7 am on Thursday morning, a total of 66 sections of expressways, national and provincial highways...
Disrupted freight between Zhengzhou, the capital city of Central China’s Henan Province, and Europe is gradually resuming, following unprecedented flooding and a week-long stretch of emergency controls. According to a post from the Zhengzhou government on Sunday, the Zhengzhou section of the China-Europe freight train has officially resumed operation on Sunday, after rail freight operations...
Typhoon In-Fa, the powerful storm battering regions around Shanghai, has forced some of the world’s biggest shipping ports to halt operations until at least Tuesday. All of Shanghai’s ports and some in neighboring regions remain shut after closing over the weekend due to the extreme weather, according to people familiar with the situation. The idled...
BEIJING, July 22 (Reuters) – The floods drenching central China and submerging swathes of a major economic and transport hub are threatening supply chains for goods ranging from cars and electronics to pigs, peanuts and coal. Power had been partly restored and some trains and flights were running on Thursday but analysts said disruption could...