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 ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Chinese container volumes are faltering – both exports and imports are down – but that hasn’t deterred officials in Ningbo, the huge container port that sits only behind Shanghai and Shenzhen in mainland China’s port league table, from coming together with academics from the US Massachusetts Institute of Technology (MIT) to launch a new learning facility dedicated to logistics. Chinese container volumes continue to be huge, but so too are its logistics costs, and as rising competition form manufacturing in South-east Asia and elsewhere continues to erode China’s position as “the world’s factory”, this move is an attempt to regain its competitive edge through other means.
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