Weaker international demand for Chinese goods has led to a rise in shipping cancellations at the country’s biggest ports, putting a damper on the expected economic boost from its emergence from zero-Covid policies.
Industry participants in China point to an increase in “blank sailings”, where carriers miss ports because there is not enough cargo to pick up or they fear delays.
While cancellations are typical within the industry and usually rise during lunar new year, the supply chains data provider Drewry said the rate is “exceptionally elevated” this year, because of a drop in demand in the West. China’s exports have fallen for three consecutive months, weakening a core pillar of its struggling economic model.
您已阅读18%（718字），剩余82%（3255字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。<