09 Mar 2023

China Economy News

  China Feb services activity jumps sharply as demand recovers- Caixin PMI BEIJING, March 3 (Reuters) Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The […]

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08 Mar 2023

Air Cargo Capacity Exceeds Pre-pandemic Levels, Posing “Zero Growth” Risk, Warns Analyst

  The latest market analysis from CLIVE Data Services reveals that air cargo capacity has exceeded pre-pandemic levels for the first time in four years. In February, global air cargo capacity increased by 11% compared to the same period last year. However, global air cargo volumes fell by 4% YoY and rates remained stable. This […]

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07 Mar 2023

Ports on the West and East Coasts Experience Significant Drop in Container Traffic during January.

Concerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long Beach, […]

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06 Mar 2023

The Economic Outlook for 2023

Most of the weakness in the broader economy occurred in the first half of 2022, when real GDP declined at annual rates of 1.6% and 0.6% in the first and second quarters, respectively. Real GDP growth then accelerated over the second half of the year, averaging 3%. Thus, the economy entered 2023 with a healthy […]

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05 Mar 2023

New Research Shows Plastic Debris in the Arctic Originates From Global Sources

New Citizen-Science Study Reveals Global Sources of Plastic Debris in the Arctic A recent citizen-science project conducted by the Alfred Wegener Institute (AWI) in the Arctic has shown the value of engaging interested citizens in scientific research. Over five years, citizens on sailing cruises to the Arctic surveyed and collected plastic debris that had washed […]

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04 Mar 2023

Asian Ports Overwhelmed by Accumulating Empty Containers

China’s major ports are facing a growing stack of empty containers, leading to the relocation of surplus boxes to secondary ports to create more space. Container xChange’s Container Availability index (CAx) shows that Shanghai, Ningbo, Tianjin, and Shenzhen ports have recorded a surplus of containers above 0.6 for 11 consecutive weeks as of February 5, […]

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28 Feb 2023

China’s loss is Southeast Asia’s gain as supply chains shift away to cheaper climes

  Southeast Asian governments have been beckoning foreign firms with cheaper labor, tax breaks and improved logistics as China’s Covid woes rumble on But analysts say the likes of Malaysia, Thailand, Vietnam and Indonesia will long struggle to match China’s deep, integrated supply chain network Global manufacturers have spread their bets to Southeast Asia – […]

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21 Feb 2023

A Bleak Evaluation of the US Trucking and Shipping Market

According to Uber Freight’s first-quarter update on global freight markets, trucking operators are expected to face unfavorable market conditions in the first half of 2023. The truckload supply has exceeded demand, which is attributed to decreased imports and lower consumer spending. The market weakness is likely to continue due to a broad-based volume recession, as […]

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20 Feb 2023

Resumption of US West Coast Ports Labor Negotiations After Nine-Month Delay

  Negotiations between West Coast dockworkers and marine terminal employers have resumed following a nine-month stalemate due to a jurisdictional dispute over Terminal 5 in Seattle. The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have agreed to set the matter aside and focus on negotiating a new contract, as the […]

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