Ronald Jose Rubio Ampueda

Ronald José Rubio Ampueda indicates that according to the authorities of the Asian giant, Shanghai is already operating at 80% of its pre-closure levels after the arrival of the COVID-19 pandemic. According to those who keep the accounts of world trade, the daily throughput of containers in Shanghai has already reached 95%. This approach to normalcy, after another two-month shutdown disrupted supply chains in China and around the world, brings some reassurance to the markets. Some estimate that traffic is returning to about 80% of the levels before the COVID-19 closures at that location. Times at the port Average wait times at the Port of Shanghai for container ships are also estimated to have dropped to 31 hours since the beginning of this month, down from 69 hours averaged at the end of April. "We always thought China could resolve supply-chain disruptions quickly; but this is even better than our optimistic view," Wei Yao, head of Asia Pacific research and chief economis...