China' maritime developments |
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Authors: | Ernst G Frankel |
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Institution: |
a Sloan School of Management, Department of Ocean Engineering, Massachusetts Institute of Technology, USA |
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Abstract: | Development of ports and shipping in China are continuing at a phenomenal pace. They are now entering a second phase in these developments. With basic capacity to handle China's growing foreign trade established. China's ports and shipping are now being ratinalized in terms of inland infrastructure and intermodal networks, optimum trade flows, foreign alliances, and physical forms or consolidation of cargo. These developments are driven by the lack of a large, deep water ocean fleet on one hand and limited water depths at many major ports. Similarly, the extension of economic development to the inland ports of China has become a priority as has the effective integration of Hong Kong and gradual opening of direct shipping across the Taiwan Straits. |
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