Rising freight rates having a ‘profound impact on trade’

Some exporters continue to stockpile goods in warehouses as cash flow dwindles, while others endure higher shipping rates amid supply-chain disruptions.

Despite fretting exporters, China’s foreign trade performance beat expectations in November, with an 8.4 per cent growth in exports over the previous month.

Port congestion has led to global container shortages, and the resulting high prices are weighing heavy on China’s commodities exporters. 

Illustration: Henry Wong

More details, from South China Morning Post.