Trade between Russia and China is booming so much that shipping containers are ‘piling up’
Trade between Russia and China is booming so much that shipping containers are ‘piling up’
Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer.
“There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up in Russia which means that the secondhand container prices are very low in Russia,” CEO Christian Roeloffs said in the report.
To be fair, that's kinda just how they store them though.
I wonder how much of this is Russia not using shipping containers except at the ports.
This is the best summary I could come up with:
Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
China has emerged as a key economic lifeline for Russia after its invasion of Ukraine as the United States and its allies cut trade and imposed sanctions to choke off the Kremlin’s war effort.
Its report pointed to China’s purchases of Russian raw materials, which are primarily transported via rail tanks and open wagons rather than in containers.
Cars and consumer electronics are among the key products that Chinese suppliers are selling to Russia, after hundreds of global brands fled the country following the invasion.
In the other direction, almost a fifth of China’s crude imports in July came from Russia, the Organization of the Petroleum Exporting Countries said in a report released earlier this month.
Together with India, China accounted for 80% of Russian oil exports in July, the International Energy Agency said in an August report.
The original article contains 571 words, the summary contains 165 words. Saved 71%. I'm a bot and I'm open source!
"will serve five years of probation, pay a $5,000 fine, and perform 200 hours of community service as part of that deal."
It’s too bad China didn’t actually make it to first world status before it burned out and began its descent toward shithole allies like Russia. How the mighty do fall.
These proxy war has helped push BRICS closer to each other, more than ever.
Keeps looking like another endless war, with our help (US), like always.
The US helping a country defend from modern day imperialism is not a bad thing, you simple minded fool. Not ALL things the US does is bad.
Yay the US defends Ukraine against imperialism while invading Iraq and Afghanistan and funding Syrian rebels in a gross display of imperialism. A broken clock is right twice a day.
Not ALL things the US does is bad.
Now that's a hot take
You may think that, but most that have looked at both sides and other wars have learned to not trust gov'ts so blindly.
We remember what is pushing China and Russia into more conflicts, while the poor die for the military industrial complex.
Profit over people as always.
Just to be clear, Putin and his oligarchy of henchmen are the problem.
Regime wars do not help the people, it creates more death/starvation/migration and much more.