A container ship (top C) sails past oil tankers anchored along Singapore straits in Singapore on April 14, 2026. (Photo by Roslan RAHMAN / AFP via Getty Images)

(FILES) Guangzhou Evergrande's chairman Xu Jiayin attends a football signing ceremony in Guangzhou, southern China's Guangdong province on May 17, 2012. Xu Jiayin, the founder of embattled Chinese property giant Evergrande has pleaded guilty to charges of fraud and bribery at trial, a Chinese court said on April 14, 2026. (Photo by AFP via Getty Images) / - China OUT

A cargo ship leaves a berth at the port in Qingdao, in China's eastern Shandong province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship sails from the port in Qingdao, in China's eastern Shandong province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Cargo ships are moored at the port in Qingdao, in China's eastern Shandong province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A cargo ship is moored at the port in Qingdao, in China's eastern Shandong province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Workers load sulphur at a storage yard on a wharf in Nanjing, in China's eastern Jiangsu province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A worker loads sulphur at a storage yard on a wharf in Nanjing, in China's eastern Jiangsu province on April 14, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT