Shipping Industry Experiences Setback as China's Post-COVID Recovery Stalls

Covid-19Hot SpotsTrade & Border Issues
Written By Jennifer Joslyn

China's economic slowdown and declining exports are impacting ocean shipping, with the post-COVID rebound in domestic spending faltering. The country's stimulus measures are not expected to be sufficient to boost bulk commodity shipping rates, and there are concerns about a pronounced slowdown in exports in the second half of the year. The manufacturing sector's role in steel consumption has grown, driven by an export boom, but risks in the property sector and limited opportunities for investment in infrastructure are holding back the government from pushing traditional stimulus measures.

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Jennifer Joslyn
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