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Yantian Port operations hit by coronavirus

A Covid-19 outbreak has brought China's Yantian port to a standstill, threatening trade.

A Covid-19 outbreak has brought China's Yantian port to a standstill, threatening trade. Tom Hale of the Financial Times in Hong Kong explains the background to the disruption, and we consider the potential impact on global trade with Nils Haupt, senior director at German shipping firm Hapag-Lloyd. Also in the programme, earlier this week El Salvador decided to adopt the cryptocurrency Bitcoin as legal tender. Nic Carter is founding partner at Castle Island Ventures, and his Twitter event on cryptocurrency was joined by El Salvador's President Bukele just as the country's parliament passed the new law. Finance ministers across the largest member states of the East African Community, such as Kenya and Tanzania, present their national budgets for 2021/22 today. Dario Kenner is a development economist with the Catholic charity Cafod, and discusses the budgetary challenges the countries face. Plus, the 主播大秀's Shingai Nyoka reports from Zimbabwe on efforts in the country to bring down its high 28% youth unemployment rate.

(Picture: Shipping containers at Yantian port. Picture credit: Getty Images.)

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27 minutes

Last on

Thu 10 Jun 2021 21:32GMT

Broadcast

  • Thu 10 Jun 2021 21:32GMT