China made significant progress in kick starting its imports and exports in the last week/days. Data from Cargometric showed that seaborne imports to China surpassed levels before the Chinese New year. Export cargo has rebounded more slowly, for the obvious reason that factories in China are still ramping up. The Port of Los Angeles in the US is still forecasting a 25% year on year decline in container volumes in March. Data from factories suggests that production in China could be back to normal levels at the end of ...
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