Tidbits, Chinese Vessels, Yemeni Houthis, Russian Ruble 4/19/25
- Wright team
- 1 day ago
- 4 min read
Tidbits
After handling a record number of ocean freight containers in 2024, containers are stacking up at China’s ports. Shanghai and Guangdong ports are seeing idle containers that missed the April 9, 2025, U.S. tariff deadline. Virtually no cargo ships were heading to the U.S. from these ports as of mid-April, and factory production in export hubs like Zhejiang and Guangdong has largely been halted.
China’s fiscal revenue in the first quarter of 2025 was 1.1% less than a year ago, but it was a slight improvement from the 4th quarter of 2024. China continues to ramp-up government spending to cushion its economy against rising U.S. tariffs and sluggish domestic demand.
Foreign direct investment into China in the first quarter of 2025 was down 10.8% from the previous year. For all of 2024, foreign direct investment in China was down 27.1% from 2023, which was the sharpest decline in foreign direct investment on record with data going back to 2008.
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