Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Lufthansa Cargo yesterday warned that the slump in China’s stock market could see further lows in the air cargo industry – already suffering some of the lowest rates since 2009 on Asia-Europe, as capacity outweighs demand. Calling the 20-30% slump in China’s stock market a “medium earthquake”, LC chief Peter Gerber warned that air freight would be the first to suffer. But, notes Cargo Facts succinctly, China’s stock market is also up 75% from a year ago. Has that led to a surge in air freight demand? Not so much. Maybe China’s financial markets and air freight have a looser relationship than Lufthansa Cargo believes…
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