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Beijing Demands Explanation After FedEx Misses Delivery Of Another Huawei Package

Summary:
Beijing is demanding answers from FedEx, after the American package-delivery and logistics service again botched the delivery of a package sent by Huawei, the Chinese telecoms giant at the center of the US-China trade spat. FedEx said on Sunday that an operational error prevented a Huawei package from being delivered to the US just weeks after the US delivery firm said an error led to several of the firm's packages being misdirected. "The package in question was mistakenly returned to the shipper, and we apologize for this operational error," FedEx told Reuters in an emailed statement. The package had been bound for the US, but was mistakenly returned to its sender in China (unlike the last misdirected packages, which were re-routed to FedEx facilities in the US, even as the packages

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Beijing is demanding answers from FedEx, after the American package-delivery and logistics service again botched the delivery of a package sent by Huawei, the Chinese telecoms giant at the center of the US-China trade spat.

Beijing Demands Explanation After FedEx Misses Delivery Of Another Huawei Package

FedEx said on Sunday that an operational error prevented a Huawei package from being delivered to the US just weeks after the US delivery firm said an error led to several of the firm's packages being misdirected.

"The package in question was mistakenly returned to the shipper, and we apologize for this operational error," FedEx told Reuters in an emailed statement.

The package had been bound for the US, but was mistakenly returned to its sender in China (unlike the last misdirected packages, which were re-routed to FedEx facilities in the US, even as the packages were destined for other Asian countries).

In response to that incident, Beijing launched an investigation into FedEx that it stressed was in no way meant to be retaliation for the trade war, and also threatened to create a list of "undesirable entities" and place FedEx on it.

Chinese Foreign Ministry spokesman Geng Shuang said during a regular press briefing in Beijing that, since this wasn't the first time FedEx made a mistake like this, it should offer a more detailed explanation for what happened. Geng was ominously quiet about whether this latest incident might land FedEx on the "undesirable entities" list, though he did accuse the US of "bullying" that hurts Chinese companies and American companies alike. Geng urged the US to stop this behavior and create a more "conducive" atmosphere for cooperation.

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Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit.

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