Shanghai Shipping Exchange said this week China’s export container transport
market continued to improve, with ocean-route freight rates rising and its
composite index climbing. The National Bureau of Statistics reported April
profits at industrial enterprises above designated size rose 24.7% YoY, the
strongest pace since Nov 2023, citing continued rapid industrial production that
has accelerated corporate profit growth. On May 29 the Shanghai export container
composite freight index stood at 2,571.73, up 15.9% from the previous reading.