Shipping rates between China and the US have soared in the last three months as Chinese exporters and their customers in the US race to stock up on goods over concerns about potential new tariffs.
While China’s exports to the European Union and Japan both fell in July, the figure for the US rose 12.5 per cent for last month, up sharply from June, according to Chinese customs data.
As the exports increased . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In