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The gestation and birth of China's modern shipping industry began after the Opium War. The invasion of foreign capitalist shipping power has seriously affected and restricted the development of China's shipping industry. It not only directly distorted the evolution process of the old wooden ship shipping industry, but also objectively stimulated the emergence of the new ship shipping industry. The intertwining of the semi-colonialization process and the modernization process constitutes the basic content of the vicissitudes of China's shipping history over the past century. In a certain sense, the history of China's modern shipping is a history of humiliation and disaster in which the national shipping industry was invaded, destroyed, bullied, and excluded by foreign powers. It is also a history of struggle and development in which it rose up under the heavy oppression of capitalism and domestic feudal forces and their agents to restore navigation rights in the rivers and seas and revitalize national shipping.