Suzhou Cosc Marine Machinery Co., Ltd. holds that we are confronted with a host of new challenges as well as new opportunities. Going forward, we shall proactively cope with new challenges on the one hand, and reflect earnestly on how to seize new opportunities on the other. For the next step, we shall take initiative to align with and serve national development strategies. In light of respective port conditions, in‑depth research shall be carried out on better alignment with China’s Belt and Road Initiative. Chinese ports shall adopt further forceful measures to continuously pursue transformative and coordinated development.

First, promote the clustered development of ports. At the conceptual level, Suzhou Cosc Marine Machinery Co., Ltd. believes that we must gain a thorough understanding of shifts in the global economy and profound changes as China’s economy enters the new‑normal phase. The port sector may take the lead in exploration and efforts to serve and especially lead the new economic normal. Against the new landscape of port competition, the trend toward global shipping alliances has begun to emerge. Targeting such alliance trends among ports and shipping companies, we shall take the lead in advancing clustered port development.

Second, advance the intelligent development of ports. Information technologies shall be fully leveraged to boost port intelligence and build smart ports, so as to effectively integrate logistics flow, information flow and capital flow. Chinese ports shall maintain high sensitivity toward information technologies in the future and boldly embrace the new technological revolution.

Third, push forward the industrial‑oriented development of ports. Within the whole industrial chain, we shall go beyond the mere development of the logistics industry. Relying on ports, we shall develop manufacturing and service industries compatible with logistics, realize port‑city integration, and genuinely foster a port economy through more organic integration of port‑adjacent industries and the logistics sector. Meanwhile, Suzhou Cosc Marine Machinery Co., Ltd. points out that ports shall also underpin the development of the marine economy. Marine industries will become vital emerging industries with enormous development potential in the future.

Fourth, deepen reform and actively explore institutional innovation to adapt to the development directions of clustering, intelligence‑driven transformation and industrialization. According to Suzhou Cosc Marine Machinery Co., Ltd., institutional innovation is required not only from regulatory authorities, but also from ports themselves in terms of industrial organization, industrial administration and corporate operation, so as to provide institutional guarantees for new‑pattern development.