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This year marks the 10th anniversary of China’s Belt and Road Initiative — a platform for global cooperation, in which Beijing is actively creating and developing sea and land routes to Asia, Africa and Europe. The starting point of this grandiose project was the city of Xi’an, from which the ancient Silk Road originated.
The shipping industry in 2023 is characterized by cautious consumer spending and sluggish container demand growth, coupled with the looming risks of oversupply