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China to lower port fees for cargoes by 20% in Q4

China to lower port fees for cargoes by 20% in Q4

FILE PHOTO: Lines of trucks are seen at a container terminal of Ningbo Zhoushan port in Zhejiang province, China, August 15, 2021. Picture taken August 15, 2021. cnsphoto via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.

BEIJING : China will lower port fees for cargoes by 20 per cent in the fourth quarter of this year to promote stability and smooth flow of industrial and supply chains, the transport ministry said on Friday.

Local governments are also encouraged to offer preferential fees during the COVID-19 prevention and control period, it added.

Source: Reuters

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