Cover Story: Chinese Exporters Turn Toward Emerging Markets

Qingdao port in eastern China opened 38 new routes in the past year, mostly to emerging countries along the route of China’s Belt and Road initiative. The new routes have helped to propel Qingdao to become China’s the third largest container port after Shanghai and Zhoushan, handling nearly 7 million 20-foot equivalent units (TEUs) in the first quarter, an increase of 16.6% from a year earlier.