China’s Foreign Trade Companies Struggle As International Freight Rates Soar

The Lianyungang Port Container Terminal in Jiangsu Province, China, on March 24, 2021. Hector Retamal/AFP via Getty Images

Analysis

Amid the pandemic, China’s export orders have surged due to strong global demand but rising international shipping costs, insufficient supply, and lack of empty cargo rotation have caused traffic congestion in logistics.