Radio Free Asia (RFA) on Saturday quoted reports from Chinese exporters and port officials who said traffic is visibly slowing down at China’s big port cities of Shanghai and Guangdong, while some factory production has virtually “ground to a halt.”
RFA saw considerable visual evidence to back up these accounts of China’s titanic export machine grinding to a halt, including warehouses stuffed with unshipped goods and stacks of shipping containers that were never loaded onto cargo vessels.
Chinese media reported two of Shanghai’s biggest shipping terminals “came to an abrupt halt” on Thursday after teeming with business 24 hours earlier. Exporters said China’s other major terminals have become comparably quiet.
The frenzy of activity in the middle of last week came after U.S. Customs and
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