www.chinaservicesinfo.com

Updates

Chongqing making fast tracks to Europe

Updated: Jul 31, 2018 By Andrew Moody and Tan Yingzi in Chongqing China Daily Print
Share - WeChat

Once-isolated metropolis developing into key trading hub

The first freight train arrives in the Belarusian capital Minsk from Chongqing on July 14. [Photo/Xinhua]

A new dimension to the burgeoning trade between China and Europe is the cargo now being carried overland through Central Asia to the world's second-largest economy.

At its fastest, the rail link between Chongqing and Duisburg, Germany, which opened in 2015, can transport goods along its 11,179 kilometers in 13 days. This is now a vital artery of the China-proposed Belt and Road Initiative.

Trade between China and Central and Eastern European countries increased by 15.9 percent last year to $68 billion, according to the Ministry of Commerce.

Trade with Germany, China's biggest European economic partner, increased by 11 percent to $168 billion.

At the center of some of this increased trade with Europe is Chongqing, a municipality with a population of more than 30 million.

1 2 3 4 5 >

Copyright©2024 China Daily. All rights reserved.

京ICP备13028878号-6

京公网安 京公网安备 11010502032503号