China’s foreign trade maintained double-digit growth in July at 16.6 percent year-on-year, official data showed on Sunday, underscoring the resilience of China s giant export machine and bucking broad fears of a slowdown due to cooling global consumer demand amid high inflation as well as growing geopolitical uncertainties.
A slew of economic woes in the US, including supply chain issues and sky-high inflation, have put a damper on the US’ traditional celebrations of its Independence Day on July 4, as fireworks shows have been canceled in many US cities and Chinese fireworks producers, which supply about 90 percent of the US market, reported issues such as high production and transportation costs and delayed shipments at US ports.
Despite the COVID-19 resurgence in many cities of the country in April, Ningbo Zhoushan Port in Zhejiang province has ensured smooth operation of the logistics chain. Due to the COVID-19 outbreak in Shanghai, the circulation of supply chains through Shanghai Port was influenced, which also posed great difficulties to foreign trade companies in the Yangtze .
Despite the COVID-19 resurgence in many cities of the country in April, Ningbo Zhoushan Port in Zhejiang province has ensured smooth operation of the logistics chain.