According to the National Development and Reform Commission, since Oct. 23, four shipping indexes of the Ningbo Containerized Freight Index (NCFI) compiled by Ningbo Shipping Exchange have been formally released on the official website of the Baltic Exchange. This is the first time that the Baltic Exchange has released an index compiled by another institution since its establishment in 1744 and the first time that a Chinese shipping index has been used abroad.

As the world's second largest economy, Chinese factors are more and more valued by international market, and that is why the Chinese index has gone global. 

Media reports show that this September, BHP Billiton priced two ships of iron ore according to the 62% Australian ore fines index compiled by China's Mysteel Research Institute, which was the first time that a major international iron mine enterprise has used a Chinese index for pricing. 

Zhou Qingjie, Professor of the Economics School of Beijing Technology and Business University, said that Chinese indexes apply to a high standard of compilation and can scientifically reflect the basic situation of the economic activity of a certain field, meaning Chinese indexes are gradually being accepted internationally. 

With the increasing economic scale and international economic interaction of China, the international community has been paying ever more attention to China, and Chinese indexes will gradually go global, said Zhou Jieqing.