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Monday, August 3, 2020

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Yangtze shipping left high and dry

Posted to Far East Maritime (by Greg Knowler) on January 25, 2012

The Year of the Dragon begins now, represented in the Chinese zodiac by the Water Dragon. There is some irony in that, because the worst drought in 50 years has forced Chinese maritime authorities to close the Yangtze River above the port of Wuhan, more than 600 miles upriver from Shanghai.

Pressure heats up on south China manufacturers

Posted to Far East Maritime (by Greg Knowler) on January 3, 2012

On February 1, Shenzhen will have the highest minimum wage in China. Factories in the manufacturing hub will be paying workers no less than 1,500 RMB a month, or US$237. Instead of holding off on the increase for a year, the municipality decided to go ahead with a 13.6 percent rise in the wage.