Hong Kong remains resilient as a world shipping center buoyed by the strong support of companies and capital from the mainland, even though global trade continues to be shadowed by logistic snags, inflation and the epidemic, Gary Lau, chairman of the Hong Kong Association of Freight Forwarding and Logistics, told the Global Times. In an .
During the past 25 years, Hong Kong’s status as a global trade and shipping center has been through both ups and downs, but the city has repeatedly reemerged with the strong support from the Chinese mainland.
Hong Kong remains resilient as a world shipping center buoyed by the strong support of companies and capital from the mainland, even though global trade continues to be shadowed by logistic snags, inflation and the epidemic, Gary Lau, chairman of the Hong Kong Association of Freight Forwarding and Logistics, told the Global Times.
Importers from London to Warsaw will soon face higher shipping costs, longer delays and an obstacle course of sanctions to navigate as Russia’s widening assault on Ukraine complicates the movement of cargo between Europe and Asia.
Beyond the devastating human toll, the war threatens higher costs for fuel, grain, industrial metals and other raw materials used in Asian-made consumer goods headed for Europe and beyond.