[ad_1]
The Covid-19 explosion in southern China is blocking developments in the country’s largest ports, raising fears that international trade unrest could raise exports.
More than 100 new cases have been reported since the end of May in Guangdong province, one of China’s most important landmarks, prompting government crackdowns.
Changes at the Yantian factory in Shenzhen, which suspended suspensions for a week about a month after workers were assessed as having a problem, have dropped. There has been a significant reduction in the number of vessels that will be used while governments are taking steps to prevent coronaviruses.
The decline in retail space, which has increased in number in the nearby Chinese ports of Nansha and Shekou, indicates the risk of global shipping explosions in the country, where new diseases have been low compared to other major economies last year.
“It’s a question of the size of the retail space,” said Lars Mikael Jensen of Maersk, an international shipping company. “This is a retail space that is sold in all markets, one of the largest in the world and brings some challenges.”
It also promotes Chinese exports, which have been exacerbated by the epidemic with the temporary rise in foreign exports such as electronics and household appliances. Exports to China have helped speedy recovery from the beginning of the Covid-19 economy.
Government data this week shows that China’s exports rose 27.9% year-on-year in May, compared to the low point last year. But he did not expect a 32.1% increase, based on Bloomberg’s financial analysis, and analysts say what he is doing in the future could be weakened by the crisis.
“We expect June’s trade and production to be affected,” said Iris Pang, a Chinese economist at ING. “This could raise the prices of most electronics and affect China’s export prices and ultimately bring prices to the US and Europe.”
Global shipping faced several challenges last year, inclusive lack of vessels and the problems with which they have failed to descend on the ports. In China, some manufacturers have said so they turned to the railways to transport their goods to Europe instead, even volumes are still a very small part of the retail market.
“Some ports in China also need to be careful,” said Zhiwei Zhang, an economist at Pinpoint Asset Management. “As a result of the epidemic in India and Southeast Asia, shortages of ships, rising shipping and shipping costs, rising Covid cases in Guangdong could lead to economic growth in other countries.”
Coronavirus business transformation
How do coronaviruses treat problems in markets, businesses, in our daily lives and in the workplace? Be brief with our article on coronavirus mail.
“I think this is just the beginning. We may not be as lucky as last year, ”said Penny Cheng, a Shenzhen merchant, who said shipping time was delayed at the city’s port.
Local authorities are keenly interested in the growing number of cases because the central government has ordered government officials to return the Covid-19. All Guangzhou residents have been tested, and cities in the province have barred people from leaving if they are found not to have one.
Additional reports of Qianer Liu reports in Shenzhen
[ad_2]
Source link
