China container grab hitting Aussie exporters
Compared with other industrial nations, China is enjoying booming exports and its containerised exports are far higher than its imports.
Analysts say there are three containers leaving China for every container arriving.
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The global container shortage is hurting Australian exporters.(AAP)
Chinese demand for containers is so great that exporters are paying huge premiums for empty boxes.
The money they are prepared to pay has risen so high that it is now more profitable for shipping carriers to send the boxes back to China with no cargo, rather than waiting to have them refilled with goods destined for Asia.