China Reveals 2020 Vision for Shipping

In a move that will see China boost its global competitiveness and its service level, its Ministry of Transport has mapped out its vision for the shipping industry in the year 2020.

According to Seatrade Global, a seven-page guideline released by the ministry outlines China’s focus for sharpening technology and innovation in the sector.

The ministry also plans to give shipping enterprises a better advantage by improving policies.

Further developments will be made to insurance services, information technology, research and development and shipping indices.

There will also be a focus on people and bringing in the most talented staff into the sector. This will include: upgrading skills and strengthening company management systems.

China is also planning to construct a ‘Maritime Silk Road’ in its attempt to connect countries in the South China Sea by reviving historic trading linkages.

In response, India has moved to counter China’s plan with its ‘Project Mausam’, which aims to revitalise its own economic and cultural ties with Asian countries.

(Source: South China Sea)