The U.S. Coast Guard is opening the door to a cooperative relationship with China.
China's maritime development is gathering steam. It is challenging South Korea and Japan for dominance of the global shipbuilding market. More than 1,700 ships carry the five-star red flag, giving China the world's second largest merchant marine.1 Seven of the top 20 container ports in the world are located in China, with Shanghai seeking to take the top spot by 2010.2 Beijing is moving into both civil and naval high-tech shipbuilding arenas, producing everything from liquefied natural gas tankers to area air defense destroyers with phased array radars. From a maritime perspective, China finally has "stood up."3