China has been a maritime power, active and strong in oceanic freight shipping and shipbuilding. At a time of globalization, 95 percent of China's foreign trade in goods is transported by sea, while its shipping fleets keep growing. By the end of 2020, China's shipping transport capacity had hit 310 million tons of deadweight, ranking second in the world. That same year, China's imports and exports by sea amounted to 3.46 billion tons, accounting for 30 percent of global seaborne trade, with huge amounts of COVID-19-related materials shipped to countries around the world.
China has also proposed to foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing one another. Ocean transportation plays a big role in connecting domestic and international markets.
Moreover, China boasts one of the largest port scales in the world, with eight of its seaports ranking among the world's top 10 in terms of cargo throughput and seven listed among the global top 10 in terms of container throughput. All these elements combined suffice to prove China's relevance in international shipping, as well as the significance of Maritime Day for China's shipping industry.
This year's China Maritime Forum, which took place in Kunming, Yunnan Province, offered a platform for communication and cooperation among those who are engaged in ocean shipping from home and abroad.
Currently, international shipping faces a variety of challenges brought on by the COVID-19 pandemic, climate change and ocean pollution. To overcome these diverse difficulties and forge a better future for this business, it requires joint efforts from the international community in the spirit of win-win cooperation, open-mindedness, inclusiveness and entrepreneurship.
(Print Edition Title: Sailing Into New Waters)