The Fall of China's Treasure Fleet

Smith, Jeremy N.
April 2008
World Trade;Apr2008, Vol. 21 Issue 4, p62
Trade Publication
The article offers information about the Treasure Fleet of China. The fleet is composed of treasure ships ordered to be constructed by Prince Zhu Di. The ships carried various products including ginger, cinnamon and pearls. The use of the Treasure Fleet was stopped when Zhu Di died. In present times, Chinese exports account for half to two-thirds of all trade between Asia and Europe and North America. The country's $17 billion China Ocean Shipping Co. (COSCO) operates a 600-vessel merchant fleet whose annual traffic volume exceeds 300 million tons.


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