Core Viewpoint - The recent implementation of the "Implementation Opinions on High-Level Construction of 'Shipping Zhejiang'" highlights the strategic push for the construction of the Zhejiang-Jiangxi Canal, which is part of a broader initiative to enhance inland waterway transportation across China, marking the onset of a "new canal era" in the country [2][18][22]. Investment and Economic Impact - A total of over 850 billion yuan is being invested across at least eight provinces to revive inland waterway transport, with the Zhejiang-Jiangxi-Guangdong Canal alone projected to cost 320 billion yuan, surpassing the Grand Canal to become the world's longest canal [2][18]. - The construction of these canals is expected to significantly reduce transportation costs, with water transport costing only half of rail transport, one-fifth of road transport, and one-twentieth of air transport [7][21]. Project Details - The Zhejiang-Jiangxi Canal will span approximately 760 kilometers, connecting key cities in Zhejiang and Jiangxi provinces, and is seen as a monumental water transport project [1][5]. - Other notable projects include the Xianggui Canal with an investment of 150 billion yuan, the Jianghuai Canal at 95 billion yuan, and the Jinghan Canal at 74.8 billion yuan, all aimed at enhancing connectivity and economic integration [2][10]. Historical Context and Future Prospects - Historical examples, such as the Suez Canal and the Grand Canal, illustrate the transformative power of major waterway projects in reshaping trade and economic dynamics [3][4]. - The successful completion of these canal projects is anticipated to create a comprehensive water transport network across China, facilitating economic growth and regional development [22][23]. Strategic Importance - The push for canal construction is part of a broader strategy to strengthen domestic circulation and address bottlenecks in the logistics and transportation system, which currently sees a logistics cost-to-GDP ratio of 14.1% [19][20]. - The development of these canals is viewed as a critical step in establishing a robust inland waterway system that can support China's economic ambitions and enhance regional connectivity [21][22].