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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: commonone ✹✹ HONORARY
SHREWD   😊 😞
Number: of 86279 
Subject: Re: WH ask for Chin's Help with Persky Iran
Date: 01/23/24 9:03 PM
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bighairymike: What's not to like?

Pay attention. China is losing money. A lot of money. And it has nothing to do with the Houthis not targeting Chinese ships or Egyptian ports. And the longer this drags on, the more ships that avoid Egyptian ports and the Red Sea routes, the more money China loses.

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.

Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December, when Yemen's Iran-aligned Houthi movement escalated attacks on shipping.

"The disruptions have wiped out our already thin profits," said Han, adding that higher shipping-insurance premiums are also taking a toll on Fuzhou Han Changming International Trade Co Ltd, the company he founded in 2016.

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.

reuters.com - Red sea crisis pressures chinas exporters shipping delays costs mount
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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