China's Ministry of Transport has initiated a comprehensive review of how the U.S. Section 301 trade investigation affects its maritime economy, marking a significant development in global trade relations. The probe will analyze potential impacts on China's shipping and shipbuilding sectors, along with related industrial and supply chains.
The Section 301 investigation, launched by the U.S. Trade Representative in April 2024, examines alleged unfair practices in China's maritime industries. Chinese authorities describe their new review as a 'necessary measure to safeguard legitimate development rights' amid growing trade tensions.
Industry analysts suggest the move could signal China's preparation for potential trade defense measures. 'This evaluation will help quantify actual impacts on employment, technological innovation, and supply chain stability,' said Dr. Wei Lin, a maritime economics specialist at Shanghai Maritime University.
The development comes as global shipping faces renewed pressures, with 12% of international trade volume passing through the Taiwan Strait annually. While the review focuses on economic factors, observers note its implications for broader U.S.-China technological competition and green energy transitions in transportation.
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China launches probe into impact of U.S. Section 301 investigation on shipping, shipbuilding sectors
cgtn.com