Production in China has now normalized to pre-crisis production levels. Selective passenger flight have resumed and air freight capacity is slowly returning on selective trade lanes, with less freighters entering the market. Domestic trucking and Port operations are normal, and additional blank sailings due to low export production continues to impact the Ocean Freight market and has led to an increase in rates.
At the end of November Hong Kong had a significant increase of COVID cases. As a result, the 14 days quarantine period is still required until further notice.
The Chinese government have also implemented several new customs regulations to strengthen the export quality of medical materials and personal protective equipment. The General Administration of Customs have now imposed revised inspection rules for medical materials under the Commodity Category “6307900010” and other Customs Commodity Categories. If goods meet the regulation thresholds, they are issued an Inspection Verification Certificate required for export of goods. Medical products for exports that fail the inspection will not be permitted for export. As of April 26, these new regulations also impact the export of non-medical masks, which must meet the quality standards of China or foreign countries.