News / China faces long-term export threat, while ocean rates plummet

© Christos Georghiou

Capacity demand for Chinese exports is in decline, mainly due to full inventories in Europe and the US, which has seen carrier utilisation also decline in the short-term. But the longer-term effects could see some companies move out of China.

The EU Chamber of Commerce in China (EUCCC) noted in its survey of European companies operating in China that while companies remain committed to China on the whole, China’s Covid policy and the conflict in Ukraine has given some “pause for ...