By Alexander Whiteman 01/09/2023Reports of China losing its position as the world’s manufacturer, as shippers look to source elsewhere, have been “greatly exaggerated”, according to the director of the Global Shippers Forum, James Hookham. “China is just too big, too capable and it makes good stuff, and it has been doing so for a long time,” he said. And CMA CGM CEO Rodolphe Saade told the UK Financial Times: “We’ve clients telling us they do not want to put all their eggs in one basket, in China. He acknowledged relations between China and the US had become strained in recent years, not least after then president Trump’s imposition of steel tariffs. But since Russia’s invasion of Ukraine and its western support, there have been signs emerging of improved China-US relations.

Source: The North Africa Journal September 01, 2023 22:38 UTC