Middle East War: Chinese Companies Relocate to Africa

Chinese logistics companies are gradually reducing their activities in the Middle East and shifting their operations to Africa, Southeast Asia, and the Americas due to the intensifying war in the region. This geopolitical instability has led to a significant increase in freight rates, prompting many companies to relocate their subsidiaries to more stable areas. Additionally, the closure of the Strait of Hormuz has caused a surge in maritime transport costs.