China’s exports recovered fast from the COVID-19 pandemic but delivering goods overseas has become difficult due to increasing shipping costs, reports CGTN.
1.6 trillion yuan export volumeIn October, China’s export volume topped 1.6 trillion yuan, jumping 7.6 percent year on year, the seventh consecutive month of positive growth since the coronavirus outbreak.
The fright index cost by Shanghai Shipping Exchange climbed to 2048.27 last Friday, which was over twice April’s figure of 855.34....
https://mfame.guru/booming-rates-and-exports-causes-global-imbalance/