With the gradual warming of the Arctic climate,the melting of Arctic ice cap is accelerating,resulting in the increasing possibility for a fully navigable Arctic channel,which would not only become a new shipping channel linking the Central Europe,China and the US.,but also a challenging alternative for traditional navigation channels and a major impact transforming the pattern of international shipping industry as well as the future development of shipping business in China.This paper introduces the influence of navigable Arctic channel,globally and domestically,upon China’s economy,patterns of shipping business,natural resources distribution,and geographical environment,etc.,analyzes its history and current status,along with strengths and weaknesses,and proposes coping strategies and suggestions for China to deal with forthcoming challenges of navigable Arctic channel.