As sea freight prices have surged over the past 18 months, some importers have started scaling back orders from China. Photo: AFP
As sea freight prices have surged over the past 18 months, some importers have started scaling back orders from China. Photo: AFP

China’s export advantage is being squeezed by soaring sea freight prices and rising raw material costs

  • Many Chinese manufacturers are being forced to pass on surging shipping costs and rising commodity prices to importers
  • But some manufacturers of low-value goods have started cutting back on production and turning away orders to preserve margins

As sea freight prices have surged over the past 18 months, some importers have started scaling back orders from China. Photo: AFP
As sea freight prices have surged over the past 18 months, some importers have started scaling back orders from China. Photo: AFP
READ FULL ARTICLE