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Container Transport Problems in China’s Foreign Trade

Author

Listed:
  • Ekaterina Dmitrievna Komarova

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Yuri Anatolievich Savinov

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The current state of the container transport market is of concern to sellers and buyers. Due to the evolvement of the COVID pandemic, many countries experienced problems with the shipment of goods. Especially it affected China, a world exporter of many goods, in which the shipment of foreign trade goods is slowing down. The situation is complicated by the influence of a number of significant factors, in particular, higher freight rates, shortage of container equipment, delays at the ports of loading and unloading. As a result, the customs authorities conduct a random inspection of containers, which increases the time for processing documentation. To solve the problem, Chinese exporters are striving to develop a logistics network in foreign ports, create large warehouses for storing goods, establish joint ventures for processing foreign trade cargo at foreign ports.

Suggested Citation

  • Ekaterina Dmitrievna Komarova & Yuri Anatolievich Savinov, 2021. "Container Transport Problems in China’s Foreign Trade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 124-132, November.
    • Handle: RePEc:alq:rufejo:rfej_2021_11_124-132
    DOI: 10.24412/2072-8042-2021-11-124-132
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