Retail in Asia

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Small enterprises back in bad times as shipping rates jump

Small and medium-sized enterprises in Hong Kong and Mainland China have gone through the worst of times, then the best of times, and the worst of times again in shipping their products overseas.

Before the global financial crisis struck in late 2008, such companies had to pay high freight rates to secure scarce space for their goods.

After the crisis hit, space became plentiful and freight rates fell. But now that Hong Kong and China trade is recovering, SMEs are again wrestling with the same logistical difficulties they faced before the crisis.

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