June 25th, 2019

Chinese arctic path

Growing  industry requires expanding resource and energy base, and opening of new  markets. In this regard, the Arctic vector seems to be a promising  direction for the People's Republic of China, since it allows Beijing to  not only solve some tactical tasks, but also significantly strengthen  its role in global politics.

China’s interest in the Far North  considering a certain shortage of raw materials and resources is quite  understandable. First, there are about 30% of unexplored gas reserves  and 13% of oil in this region. At the same time need in natural gas in  China is increasing and it is expected that by 2020 it will reach 300  billion cubic meters. However, China can produce only 200 billion cubic  meters. In this context, the Arctic with great resource potential and  relatively broad freedom of action acquired strategic importance for the  PRC. Secondly, the equally important goal of modern Beijing is to enter  new markets and increase exports. To build maritime communications with  Europe, China decided to take advantage of the transit potential of the  Arctic, instead of relying on existing routes through the Suez or  Panama canals. China considers the Northern Sea Route to be the most  preferred option for creating the Arctic transport corridor, since  Russia, like China, is seeking to pursue an independent policy in the  Arctic and shows willingness to invest in the region large funds.

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