The current crisis in the Red Sea is putting a strain on Chinese exporters. With shipping attacks on the rise, shipping costs are soaring, cutting into profits. The impact of this crisis extends far beyond large companies, affecting smaller suppliers too.
This crisis reveals the vulnerability of China’s highly export-oriented economy to international contingencies.🌏
Faced with this instability, “near-shoring” is attracting more and more companies, seeking to minimize risk.
Let’s see how the Chinese economy, already reeling from a property crisis and global slowdown, will cope with these new logistical challenges.
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