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.
The UK is set to announce its Covid-19 vaccine delivery plan
From CNN’s Sarah Dean in London
Secretary of State for Health and Social Care Matt Hancock leaves 10 Downing Street in London, on January 6. Wiktor Szymanowicz/NurPhoto/Getty Images
The UK government will publish its Covid-19 UK Vaccines Delivery Plan on Monday, with Health Secretary Matt Hancock scheduled to hold a news conference at Downing Street in the afternoon to provide details on the program.
“Since the historic day the first vaccine was approved, the NHS (National Health Service) has made fantastic strides in offering the vaccine to as many at risk people as possible and at record pace,” Hancock said.