Chinese vendors rush to fill Christmas orders as freight rates slide


Source: pdnews.cn pdnews.cn

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A Yemeni trader selects teapots while communicating with his Saudi Arabian client via video link at the Yiwu International Trade Market in Yiwu city of east China's Zhejiang Province, Jan. 14, 2021. (Photo: Xinhua/Huang Zongzhi) Christmas product sellers across China are ramping up production to make a final sprint before the Christmas season, as shipping freight rates have fallen by more than 20 percent in two weeks, Chinese vendors and logistics companies told the Global Times on Sunday. The average cost for shipping a 40-foot container from China to US West Coast dropped by 22 percent from late September to...