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Analyst Abstract


Like dominoes they have been falling in March - Shenzhen, Shenyang, Dongguan, the entire province of Jilin and latterly Shanghai, all experiencing lockdown thanks to Xi Jinping’s strict zero-Covid policy. The difference this time around compared to previous Chinese Covid outbreaks? They have not been able to halt the lengthy slide in container spot rates. Ought liners to be concerned that the plateau has passed and weakened consumer demand is here to stay?

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