A crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China, on Jan. 4, 2023. China Daily via ReutersAs the Iran War continues, rising global oil prices are beginning to ripple through China’s economy, adding new strain to the country’s transportation and logistics sector.Chinese state media Xinhua reported on March 9 that the regime’s National Development and Reform Commission (NDRC) raised domestic gasoline and diesel prices. Truck drivers and logistics operators across China have told The Epoch Times that their operating costs are climbing at a time when freight demand is already weak due to the country’s slowing economy.
Rising Oil Prices From Iran War Squeeze Chinas Trucking and Logistics Sector
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