News Snapshot:
A coronavirus outbreak in China’s southern Guangdong province is hindering trade activity at some of the country’s biggest ports. The rise in COVID-19 infections in the province has sparked fears of further disruption in international trade that may drive the price of China’s exports. Over 100 fresh cases have been reported since May 21 in Guangdong, China’s manufacturing hub and biggest province by economic output. Spooked by the rise in the number of infections, the Chinese government imposed strict counter-measures. Processing at the Yantian container terminal in Shenzhen has nosedived. The port had suspended exports for around a week last...
