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China reaffirms attempt to curb box shipping rates as Cosco stock tanks

A spokesperson for the Ministry of Commerce says the authority is pondering the rollout of measures to ‘increase shipping capacity and stabilise freight rates’

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The stock price of Cosco Shipping Holdings slumped on Friday morning following a statement by Chinese officials. The box shipping unit’s share value had increased fivefold since mid-2020 prior to this latest correction

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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