Silk Road Maritime important link to stimulate “double circulation”

BEIJING, September 19, 2022 /PRNewswire/ — Since its launch by East China Fujian Province In 2018, Silk Road Maritime showed strong momentum of development and resilience, becoming an important link in promoting the “dual circulation” of domestic and international markets.

Despite the constantly changing global economic environment, trade between Fujian and countries and regions along the Belt and Road have reached 412.2 billion yuan (on US$58.93 billion) in the first seven months of 2022, up 19.6% year-on-year. By the end of August this year, a total of 9,014 voyages had been made on sea routes bearing the name Silk Road Maritime, with the total container throughput reaching 10.182 million twenty-foot equivalent units.

Further achievements were seen in the development of the Maritime Silk Road this year, as the 2022 Maritime Silk Road International Cooperation Forum kicked off on September 8. On June 10, the Silk Road Maritime express e-commerce was launched. Earlier in January, a new sea route was opened linking members of the regional Comprehensive Economic Partnership.

By integrating into the new international land-sea trade corridor and the ChinaEurope freight train services, Silk Road Maritime has also supported Fujian in the construction of an overseas navigation channel for the interior provinces. In 2021, the volume of out-of-province bulk cargo handled by from Fujian ports thanks to combined sea-rail transport increased by 21.5% compared to last year. The container volume of combined sea-rail transport in the first half of 2022 saw a year-on-year increase of 44%.

By further encouraging policy coordination with China land and seaports, Silk Road Maritime is committed to helping strengthen the connection between industrial and supply chains by forging closed-loop logistics channels radiating to both domestic and international markets, according to Chen Zhiping, Chairman of Fujian Provincial Port Group Co., Ltd. and Fujian Silk Road Maritime Management Company.

The brand is characterized by integrated cross-industry cooperation, with members of the Silk Road Maritime Alliance each leveraging their strengths. Aiming to boost information sharing between the companies involved, Silk Road Maritime is also providing a global platform for comprehensive shipping services, the first phase of construction of which has been completed.

Original link: https://en.imsilkroad.com/p/330030.html

SOURCE Xinhua Silk Road

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