New Delhi, March 18: The ongoing conflict in the Middle East is significantly affecting China. According to media reports, the war has disrupted China’s exports. Shipping delays have resulted in a backlog of goods in local warehouses.
As reported by CBC News, the Chinese city of Yiwu, known as the world’s supermarket due to its status as a major supplier of household and electronic products, sends goods to American giants like Amazon and Walmart, as well as to countries in the Middle East.
Chris Brown’s report highlights that rising shipping costs and threats to commercial vessels due to the Iran war have led importers to refrain from picking up Chinese goods, causing a pile-up in warehouses. Local businesses indicate that shipping costs have surged from $1,200 per container to $6,000.
In addition to high shipping costs, some importers are unwilling to risk transporting goods, as attacks on commercial vessels during the Middle East conflict have raised safety concerns. Recently, another oil tanker was attacked in the Persian Gulf, underscoring these fears.
The report explains that this eastern Chinese city illustrates how the Iran war and the blockade of the Strait of Hormuz are impacting global supply chains. Local business sources state that the Middle East consumes approximately 30% of exports from Yiwu.
Beyond export disruptions, China is also affected on the energy front, being the largest buyer of Iranian oil. Similarly, much of the liquefied natural gas (LNG) imported by China comes from Qatar. Due to airstrikes on its gas facilities, Qatar has halted some operations, leading to supply interruptions.
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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