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This year faster "break 10,000 columns"! China-europe freight trains are having an increasing impact on international trade
Published:
2024-07-16
This year faster "break 10,000 columns"! China-europe freight trains are having an increasing impact on international trade
This year faster "break 10,000 columns"! China-europe freight trains are having an increasing impact on international trade
According to the United Arab Emirates News Agency reported on July 11, a train bound for Duisburg, Germany, left Wuhan, capital of China's Hubei Province, on Wednesday. This is the 10,000th China-Europe freight train to be launched by China this year.
According to Xinhua News Agency, the number of China-Europe freight trains this year exceeded 10,000 19 days earlier than last year.
This year, China-Europe freight trains delivered a total of 1.083 million TEUs of goods, up 11 percent year-on-year.
The Spanish "Foreign Enterprise Daily" pointed out that the impact of China-Europe freight trains on international trade is increasing day by day.
China's Belt and Road Initiative continues to transform intercontinental trade through the China-Europe Express train service. With the 90,000th freight train (May 25) from Xi 'an, Shaanxi province, to Malashewicz, Poland, the China-Europe freight train has reached a new milestone.
The service highlights the growing importance of the rail network in China's foreign trade with Europe and has become an important pillar of China's trade strategy.
By the end of May, China-Europe freight trains had delivered more than 8.7 million TEUS worth more than 380 billion U.S. dollars, according to the China State Railway Corp. From 2016 to 2023, the annual value of freight transported by China-Europe freight trains will increase from US $8 billion to US $56.7 billion. These figures reflect impressive development and a substantial increase in trade activity.
Since 2023, the growing market demand for technologically advanced Chinese products such as lithium-ion batteries, photovoltaic products and new energy vehicles has driven the use of these trains. This phenomenon not only reflects the strong production capacity in China, but also reflects the strong demand for these products in the European market.
The China-Europe freight train network has reached 223 cities in 25 European countries and connected more than 100 cities in 11 Asian countries, forming a comprehensive transport infrastructure covering most of the Eurasian continent.
The Belt and Road Initiative, proposed by China in 2013, involves massive investment in infrastructure, including rail networks, pipelines and highways. This global project reaches more than 60 percent of the world's population, cementing China's pivotal position in international trade.
In a broader context, the recent launch of freight trains between Beijing and Moscow marks a new stage in the regular operation of China-Europe freight trains from Beijing to Russia, strengthening the connectivity between China and Russia. This development complements the achievements of the China-Europe Express and demonstrates China's ability to diversify and expand its trade routes globally.
The China-Europe trains not only transport goods, but also carry competing visions of the future of trade and global influence.
As these trains continue to traverse Eurasia, they solidify China's central role in reshaping global trade routes and responding to and adapting to emerging geopolitical challenges.
In addition, according to the European News TV website reported on July 10, as part of a project aimed at strengthening trade between Beijing and Warsaw, China and Poland completed the first regular operation of the railway line between the two countries.
The new railway is part of Beijing's strategy to expand its trade network. Analysts say it could also provide a new way for Europe to export to Asian countries.
The route could also be used to export Polish products, especially food, to China, said Magdalena Ribichka, director of the Asian Research Institute at Poland's Vistura School of Finance and Business.
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