Regional maritime cooperation would reap rewards - USA

Qingdao is a hub for both the Silk Road Economic Belt and the Maritime Silk Road, as it is linked to the world with one of the largest seaports in China and the overland Eurasian Continental Bridge. Provided to China Daily

The China-proposed Belt and Road Initiative meets the world's needs for international cooperation, peace, prosperity, opening-up, innovation and communication, which is why it has gained the support of over 100 countries and regions.

The principle of achieving shared growth through discussions and collaboration on an equal footing, and the foundation of infrastructure connectivity, have been a strong impetus for the initiative, in which the envisioned 21st Century Maritime Silk Road traverses the oceans.

To advance the 21st Century Maritime Silk Road, it is necessary to develop the maritime economy and maritime technology.

China should cooperate with other countries to further develop the maritime economy. In particular, it should enhance its cooperation with the Association of Southeast Asian Nations in maritime fields with low sensitivity and improve coordination with the ASEAN members to realize a maritime green economy.

Maritime industry is a main pillar of the maritime economy, which includes development, utilization and protection of maritime spaces and resources. Fishing, shipping and submarine oil and gas exploitation utilize maritime space and maritime resources, while shipbuilding, steel, mechanics and electronics are fundamental services for th....

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