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The surge in e-commerce volumes out of China has caused an air cargo capacity crunch, prompting the transhipment of some consignments to other Asian points for on-forwarding to the US and Europe. Air cargo rates have increased, with e-commerce giants Shein and Temu contributing to the rise in air cargo volumes and rates in Hong Kong and China. The surge is also influencing sea-air contracts and is expected to persist beyond Chinese New Year, albeit influenced by global economic conditions.

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