“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of wide-ranging relaxations on its zero-Covid restrictions, markets worldwide began to price what these shifts could mean for the global economy, inflation as well as what it will mean for the world’s second-largest economy itself.
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