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China closes important port because of a corona case: brutal consequences for the global economy expected

2021-08-12T16:38:26.032Z


China continues to pursue the no-covid strategy. Due to the recent closure of the world's third largest port, Christmas trees are stuck - and much more.


China continues to pursue the no-covid strategy.

Due to the recent closure of the world's third largest port, Christmas trees are stuck - and much more.

Ningbo / China - Once again it is clear that it doesn't matter if a sack of rice falls over in China.

With the closure of the world's third largest port after Singapore and Shanghai, China is crippling supply chains and trade relationships around the world.

The reason for the port's closure is a single corona case.

According to

Oe24

, most

port employees

are said to have already been vaccinated - and the affected employee is only asymptomatically ill.

"All operations were immediately stopped and the port area closed after the staff's Covid-19 test was positive," said the deputy general director of the port operator Ningbo Zhoushan Port, Jiang Yipeng.

according to

Wirtschaftswoche

.

China continues to pursue no-Covid strategy: Yangzhou under quarantine

According to the

FAZ

China correspondent, it is still completely unclear how long the terminal in question will remain closed. Despite growing criticism, China continues to pursue the no-covid strategy, in which entire businesses or residential areas are repeatedly quarantined. There are currently a few dozen corona cases in the 4.5 million-inhabitant city of Yangzhou under quarantine. The third mass test began on Wednesday.

According to the Chinese Ministry of Transport, 18.7 million containers were handled in Ningbo in the first seven months of the year.

No other port in the country ships so many goods.

When the port of Yantian was closed in June, ships could have moved to other ports in southern China.

This option would not exist for Yangzhou.

In general, many electronic items are shipped via Yangzhou - and currently mainly Christmas trees and wooden toys for Europe and the USA:

Closed port in China: Impact could be greater than the blockade of the Suez Canal

Many companies are already complaining about bottlenecks in the delivery of small electronic parts and computer chips.

According to

economic

experts at Oe24

, the closure of the Ningbo port terminal could

outweigh

the effects of the Suez Canal accident.

The Evergives had arrived in Rotterdam at the beginning of August:

The transverse container ship Evergiven had caused billions in damages worldwide.

(kat)

Source: merkur

All news articles on 2021-08-12

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