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Shipping Crisis Developing in China

An article published by CNBC states that another shipping crisis is on the horizon. The Chinese province of Guangdong observed a sudden increase in Covid-19 cases, thus causing entire districts to shut down as they quarantine in attempts to combat the second outbreak. A major shipping hub, Guangdong accounts for approximately 24% of China’s total exports, hosting the world’s third-largest port, Shenzhen, and the world’s fifth-largest port, Guangzhou. These two major shipping hubs could have an unprecedented impact on the world’s supply chain alone.

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