Container shortage weighs on China shippers
Products targeted for exports piling up on wharves as raw material costs increase rapidly due to contagion constraints
Surging overseas orders for Chinese goods are creating rising pressure on ports and shipping companies, and related parties are working together to break the deadlock.
PowerRide, a British customer of Easy-try Cycles (Tianjin) Co Ltd, is facing fast-rising freight rates from China.
“Shipping costs of a 40-foot-container from Tianjin to the United Kingdom soared from $3,000 to $14,000 during the few weeks before Chinese New Year, and the company ended up paying $10,000 per unit for shipping the bikes they purchased,” said Li Qing, president of Easy-try Cycles.
BRI opens new path for global economy and living standard By Zhong Nan | chinadaily.com.cn | Updated: 2021-03-07 11:38 Share
Zhou Yong, a member of the 13th National Committee of the Chinese People s Political Consultative Conference, gives an interview via video link ahead of the second plenary meeting of the fourth session of the 13th CPPCC National Committee at the Great Hall of the People in Beijing, March 7, 2021. [Photo/Xinhua]
The Belt and Road Initiative has enriched the growth of the world economy and improved people s living standard in economies participating involved in the initiative, said a member of the 13th National Committee of the Chinese People s Political Consultative Conference.
Negotiations early proof of CPC s diplomatic skills By TAN YINGZI in Chongqing | CHINA DAILY | Updated: 2021-02-22 08:56 Share CLOSE The Gui Garden in Chongqing, which hosted the Chongqing Negotiations between the Kuomintang and the Communist Party of China in 1945. TAN YINGZI/CHINA DAILY
In the heat of August 1945, the Gui Garden on Zhongshansi Road in downtown Chongqing attracted wide attention at home and from abroad, with international reporters waiting day and night outside the quaint, private villa as a significant meeting about the country s future was held in the wartime capital.
The Chongqing Negotiations, 43 days of top level negotiations between the Kuomintang and the Communist Party of China, was an important political event at a crucial moment when China faced a choice between war and peace after the victory in the War of Resistance against Japanese Aggression (1931-45).
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