Cargo ships carrying containers pile up at the Ningbo Zhoushan Port in Ningbo, East China’s Zhejiang Province on Tuesday. The boom in container throughput for foreign trade comes as the country’s yuan-denominated exports jumped 30.1 percent year-on-year in the first five months, customs data showed Monday. Photo: cnsphoto
US port congestion hit another record in recent days, putting pressure on bilateral trade between China and the US as Chinese producers and exporters are forced to turn down new orders amid soaring freight rates and container shortages ahead of the Christmas and Thanksgiving holidays, according to industry insiders.
Port congestion in the US has thrown supply chains between China and the US into great uncertainty, with some industry insiders saying the deteriorating situation will further disrupt their business. Experts also warned that the situation could continue into next year.
US port congestion threatens trade, as Chinese firms forced to turn down new orders – Global Times
