Marked decline approaching for exports from China to US

Demand in the US moves from goods to services, and this results in lower import of Chinese goods to the US, according to logistics heads. Data from China confirms declining orders at Chinese companies.

Photo: Bob Riha Jr/Reuters/Ritzau Scanpix

US importers order significantly less goods in China, according to data from both China and the US, and as such, container carriers’ golden days may be replaced by an upcoming normalization, assesses an industry observer.

The economic report China Beige Book about the development in the Chinese economy confirms trends from the US which recently showed that US importers are currently reducing their purchases of Chinese goods as US consumers move a certain part of their consumption from physical goods to services.

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