According to the report, China government insist on dynamic clearing and it caused global sea freight cost to remain high.
Jeremy Nixon, CEO, Ocean Network Express, Singapore said "Even until today, 10% of the world's container ships are delayed," China's “dynamic zeroing” policy leads to labor shortages at ports, leaving ships unable to quickly unload and sail elsewhere.
Economists have revised down China's full-year gross domestic product (GDP) growth rate to 3%-4%. Nixon indicate that China decided to put the epidemic over economic growth, which is a drag on economic growth.