boem@lemmy.world to World News@lemmy.worldEnglish · 11 months agoRed Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%english.elpais.comexternal-linkmessage-square101fedilinkarrow-up1310arrow-down14
arrow-up1306arrow-down1external-linkRed Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%english.elpais.comboem@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square101fedilink
minus-squareSyntha@sh.itjust.workslinkfedilinkEnglisharrow-up20arrow-down1·11 months agoEvery major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.
minus-squarerbesfe@lemmy.calinkfedilinkEnglisharrow-up17arrow-down3·11 months agoAnd yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this
minus-squarenicetriangle@kbin.sociallinkfedilinkarrow-up4·11 months agoBingo. They know that someone else will do something eventually is my guess.
minus-squareacargitz@lemmy.calinkfedilinkEnglisharrow-up15arrow-down13·11 months agodeleted by creator
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down3·11 months agoI don’t know, maybe because they are directly affected by closing a major trade route with one of their largest trading blocks. Of course they could always sit on their hands, make rude noises and let the US carry their weight… Which is what most of the world expects nowadays.
minus-squarevoodooattack@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoAnd they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them? China is mostly self-sufficient, most of the world is not.
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·11 months agoChina imports huge quantities of food and fuel. They are far from self sufficient. https://www.reuters.com/world/china/chinas-imports-unexpectedly-grow-oct-exports-extend-declines-2023-11-07/
Every major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.
And yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this
Bingo. They know that someone else will do something eventually is my guess.
deleted by creator
I don’t know, maybe because they are directly affected by closing a major trade route with one of their largest trading blocks.
Of course they could always sit on their hands, make rude noises and let the US carry their weight… Which is what most of the world expects nowadays.
And they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them?
China is mostly self-sufficient, most of the world is not.
China imports huge quantities of food and fuel. They are far from self sufficient.
https://www.reuters.com/world/china/chinas-imports-unexpectedly-grow-oct-exports-extend-declines-2023-11-07/