Foreign Trade
U.S. Probes Claims Chinese Firms Restricted Container Production Before COVID, CBS Says
Federal investigators are examining whether Chinese container manufacturing giants deliberately restricted global shipping container production in late 2019, according to CBS News. The Department of Justice is expected to unseal indictments, with several Chinese executives reportedly indicted and another detained in France pending extradition. China controls more than 90% of global container production, and the probe comes amid growing scrutiny over Beijing's dominance of critical maritime infrastructure.
