Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%

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Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%

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World NewsEnglish • 1 year ago

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Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic

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China imports huge quantities of food and fuel. They are far from self sufficient.

https://www.reuters.com/world/china/chinas-imports-unexpectedly-grow-oct-exports-extend-declines-2023-11-07/

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