Red Sea crisis pressures China’s exporters as shipping delays, costs mount

SHANGHAI/BEIJING – For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.

Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December, when Yemen’s Iran-aligned Houthi movement escalated attacks on shipping.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.