Eric Yeung

About Eric Yeung

Eric Yeung is the Vice President of Sino Connections Logistics Inc. He graduated from City University of Hong Kong and holds over 15 years of experience in the freight forwarding industry. Eric founded Sino Connections Logistics Inc. in 1998, and Sino now has 8 offices in China and Thailand with around 100 employees in total.

Current Rate Analysis from China

After months of hard time for every steamship line in 2011, it seems like a new hope is arising for the carriers again to increase the rates. In terms of volume comparing to past years October 2011 was an extraordinary month. The national holiday of China between October 1 and 7 always brings some down hill effect to China exports. However, space issue to US has occurred much earlier this year during October. Almost every carrier was loading very well right after the long holiday. The situation lasted for days, and gradually slowed down in early November. Although there is slow down in November, the loading volumes were much better than they were comparing to the first half of the year.

The continuous loss of money in the past months (almost a year) made it very difficult for the most of the steamship lines to run the vessel schedules regularly. [Read more...]

US-CHINA : GREAT PARTNERS

US-China economic ties have expanded substantially over the past three decades. Total US-China trade rose from USD5 billion in 1980 to USD409 billion in 2008. Though commercial ties were sharply affected by the global economic crisis in 2009, China remained the second largest US trading partner, its third-largest export market, and biggest source of imports. With a large population and a rapidly expanding economy, China is also a huge market for US exporters and investors.
US-China: Great Partners
However, the bilateral economic relationships have become strained over a few issues, such as the recession of US, which the deficit was USD226 billion in 2008 and USD227 billion in 2009. On top, the growing level of economic integration and mutual commercial dependency between the two economies further complicate their relationship. US economic ties with China benefit many US groups, such as consumers and certain business interests (such as firms who use China as a center for their supply chain operations to assemble inputs into finished products). However, some US organizations (mostly domestic firms and workers) see the growing economic ties as damage to US economic interests. [Read more...]