Moody's: Chinese ports face fierce competition
Chinese ports can look forward to increased competition, decreasing cargo volumes and higher labor costs over the next two years, says Moody's in a new report.
by DANIEL LOGAN
The Chinese ports face two years with fierce competition, according to a new report from rating bureau Moody's.
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![”Simply put, there is too much value at stake by consolidating operations in global supply chains […] to let these stay fragmented,” CEO of Flexport Dave Clark comments. | Foto: Lindsey Wasson/Reuters/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/15443496/e5kdk4/ALTERNATES/schema-4_3/Clark.jpg)
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