China’s manufacturers braced for drop in orders as coronavirus outbreak snarls-up southern shipping hubs

Manufacturers in Guangdong are expecting export orders to slow in the second half of the year, due in part to skyrocketing cargo costs as well as shipping delays caused by the recent coronavirus outbreaks in southern China. Severe congestion at Shenzhen’s Yantian port is spreading to Nansha port in Guangzhou following the discovery of several asymptomatic cases linked to international freight shipping operations late last month. Yantian and Nansha are among world’s busiest container ports,…

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