News / Confidence returns for China's shippers, despite high costs and falling demand

Credit CCPIT.

High freight costs, slow logistical deliveries and falling demand are the major problems revealed in a China Council for the Promotion of International Trade (CCPIT) survey of 500 Chinese companies.

At the CCPIT’s Monday briefing, China Chamber of International Commerce (CCOIC) secretary-general Sun Xiao said 56% of respondents reported raw material prices and logistics costs were high; while 62.5% said order volumes had been unstable, with small quantities exceeding larger quantities.

On a more positive note, Mr Sun said the recent correction ...