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Bloomberg Businessweek Weekend - June 14th, 2024
Bloomberg Businessweek
Building a Global Economy on the Premise of Free and Reliable Container Shipping
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Enterprises flocked to China in 2001 to leverage Chinese labor and undercut costs at home; China rapidly built necessary trade infrastructure. The foundation of this economic growth relied on the assumption of free and reliable container shipping, unknowingly putting the global economy at the mercy of an international cartel.
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