Taicang Port in east China's Jiangsu Province has seen a significant surge in new energy vehicle (NEV) exports since the beginning of 2025, with automobile throughput expected to reach 65,000 in the first month.
Taicang Port stands as the largest export base along the Yangtze River for products such as photovoltaics, NEVs, and lithium battery storage cabinets, with exported cars accounting for one-tenth of the national total.
In addition to NEVs, lithium battery storage cabinet manufactured in China have emerged as another hot export item at Taicang Port.
At the Zhenghe International Wharf of Taicang Port, the average daily container throughput reached nearly 10,000 TEUs during the Spring Festival holiday, with the wharf's tower cranes operating around the clock at full capacity.
Various port departments are working in coordination to ensure smooth exports. Additionally, the wharf underwent early reconstruction to meet safety standards for lithium battery storage cabinets.
Taicang Port sees surge in NEV throughput since beginning of 2025
As much as 37 percent of Americans saw their debt increase during this year's holiday shopping season, with average debt rising to 1,223 U.S. dollars from 1,181 dollars last year, according to the latest holiday debt survey of LendingTree, the nation's online loan marketplace.
The survey, conducted earlier this month among more than 2,000 U.S. consumers, found that rising tariffs and higher prices have put additional pressure on household budgets.
In a statement, LendingTree's chief consumer finance analyst Matt Schulz said the strain becomes more pronounced during the holiday season, as many consumers are reluctant to change long-standing shopping traditions, even as costs rise, leading to higher debt levels.
According to the survey, 63 percent of borrowers expect it will take three months or longer to repay their holiday-related debt, while about 41 percent said they are still paying off debt from last year. Schulz warned that if borrowers need six months to a year or more to repay their balances, the situation becomes more serious due to high credit card interest rates.
Data from Bankrate show that the average U.S. credit card interest rate currently exceeds 20 percent.
Meanwhile, U.S. consumers have grown increasingly pessimistic about their financial situation. Data released on Tuesday by The Conference Board showed that the U.S. Consumer Confidence Index fell for the fifth consecutive month in December, dropping to 89.1, the lowest level since April, amid deepening anxiety over jobs and income.
Over one-third of Americans rack up holiday debt: survey
