Sun, Aug 18, 2013 - Page 14 News List

New Arctic route speeds up China’s exports

By Bill SAVADOVE  /  AFP, SHANGHAI, China

China is seeking to grow markets in southeast Asia and Africa, so more trade might flow to the south, lessening the importance of the Arctic route, he added.

However, some Chinese estimates claim that up to 15 percent of the country’s international trade — which totaled US$3.87 trillion last year — could be using the Arctic route in seven years.

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