Chinese traders are taking an active approach by adjusting production capacity and diversifying their markets in response to weakened consumption in the US, where inflation is elevated and cannot be easily tamed shortly.
After two months of strict epidemic controls, Shanghai finally gave the greenlight to a general resumption of business at historic speed, with sea and air port cargo volume, the key benchmark for the recovery of the international trading and manufacturing hub in the Yangtze River Delta, all recording a significant rebound to 90 percent of .
New COVID-19 cases reported in East China’s Zhejiang Province, the location of Yiwu, the world s largest wholesale market for daily commodities, and the Ningbo-Zhoushan Port, one of the busiest cargo ports in the world, have raised concerns on exports and international transport, especially exports for Christmas.
Christmas product sellers across China are ramping up production to make a final sprint before the Christmas season, as shipping freight rates have fallen by more than 20 percent in two weeks, Chinese vendors and logistics companies told the Global Times on Sunday.
For Christmas product sellers in Yiwu, the world s largest wholesale market for Christmas ornaments in East China’s Zhejiang Province, the business winter they experienced last year because of the coronavirus outbreak has passed, but the spring has not yet come, as new problems like rising raw material costs and labor shortages emerge in 2021, preventing a full-fledged recovery.