Guest
#china #project #trading #america #route #arctic #russia Although China is an industrial power with the largest manufacturing scale in the world, it also faces the problem of energy shortage. For example, oil import dependence is as high as 72%. It is worth mentioning that 85% of China’s ocean energy imports must pass through the Strait of Malacca. However, control of the Malacca Strait is not in the hands of China, but in the hands of the United States. In the event of a war, if the United States blocks the Strait of Malacca, China's energy imports will be restricted, which poses a major threat to China's energy security. In order to solve this crisis, China and Russia decided to invest US$30 billion in opening up Arctic shipping routes in 2017. Recently, a Russian cargo ship “Veliky Novgorod“ carrying liquefied natural gas crossed the Bering Strait in the cold wind and successfully arrived at the Tangshan Port in Hebei, China. This milestone marks a huge breakthrough that China and Russia have made in opening up Arctic routes over a long period of time, and also paves the way for the construction of the Polar Silk Road. At the same time, Russian President Vladimir Putin also plans to visit China in October at China's invitation. What does Putin’s planned visit to China mean at this time? What does the new Arctic route jointly opened by China and Russia mean for global trade?
