Commentary
To me, it sounded more like desperation than rational thinking. Shanghai and much of China’s eastern industry and port facilities had been ruthlessly shut down thanks to the draconian, frankly evil policies of the communist regime. From an economics perspective, freight rates and shipping prices should have already surged, another bottleneck imposed upon global supply.
Shipping firms tried to convince, themselves, I guess, that there’d be a reopening boom-let. Once Madman Xi was satisfied as to whatever standard he’d been arbitrarily using to justify the lockdown had been met, the figurative gates to Shanghai’s high finance and China’s massive harbors would be flung back open and then the flurry of goods would begin anew….
RSS Feed | The Epoch Times