China shipping: from its monopoly on containers, to its critical role in the global supply chain

//China shipping: from its monopoly on containers, to its critical role in the global supply chain

China shipping: from its monopoly on containers, to its critical role in the global supply chain

How important is shipping to China’s economy?As the world’s largest exporter and producer of industrial goods, China’s exports contributed to 39.18 per cent of the country’s GDP in 2020. Meanwhile, the country is also the world’s second-largest importer, after the United States.Foreign trade inevitably has to rely on transport. Among the various transportation methods, maritime transport, or shipping, is the most important for China. Shipping is also closely related to the global economy, as…

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By | 2021-11-09T16:30:28+00:00 November 9th, 2021|Headlines|Comments Off on China shipping: from its monopoly on containers, to its critical role in the global supply chain