logo
Chinese Port Activity Surges to Record After Trade Truce With US

Chinese Port Activity Surges to Record After Trade Truce With US

Bloomberg24-06-2025
Chinese ports just had their busiest week on record, likely due to exporters racing to get goods into the US as quickly as possible ahead of tariffs that may be imposed early next month.
Some 6.7 million standard containers were shipped domestically and internationally last week, the Ministry of Transport said on Tuesday. The almost 6% jump in traffic from the previous week came after a trade truce agreed with Washington earlier in June. In May, Chinese exports to the US fell the most since the early days of the pandemic.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hong Kong Taxis Are a Perfect Stablecoin Test Case
Hong Kong Taxis Are a Perfect Stablecoin Test Case

Bloomberg

time12 minutes ago

  • Bloomberg

Hong Kong Taxis Are a Perfect Stablecoin Test Case

Asia's last bastion of Luddite resistance to modern payment technology is finally crumbling. From April 1, Hong Kong's cash-loving cabbies will be required to offer passengers at least two alternatives to banknotes. The drivers will be free to choose their digital-payment options. Most will probably install Octopus Holdings Ltd.'s readers, since Hong Kong residents use the ubiquitous stored-value card — or its app equivalent — on trains, buses and ferries anyway. The Octopus network can also be tapped by travelers from mainland China to pay via their Alipay and WeChat Pay accounts back home.

From Singapore, CFOs Provide Candid Commentary on Sustainability
From Singapore, CFOs Provide Candid Commentary on Sustainability

Bloomberg

time12 minutes ago

  • Bloomberg

From Singapore, CFOs Provide Candid Commentary on Sustainability

Cost concerns are becoming more pressing as Trump's trade war puts company finances under strain. Plus, CapitaLand Investment's Paul Tham talks about the firm's push into private credit. By Save Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. This week, I report from Singapore, where I spoke to finance chiefs about the outlook for sustainability. I also connected with CapitaLand Investment's CFO Paul Tham. But first, here's some other news that caught my eye:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store