China sees expanding China-Europe freight rail services

Source:Xinhua Published: 2019/9/15 14:22:44

The freight train X8044 from Hamburg of Germany arrives at Wujiashan railway container center station in Wuhan, central China's Hubei Province, Aug. 26, 2018. China-Europe freight trains made 5,611 trips in the first 11 months of 2018, surging 72 percent compared with the same period last year, according to a meeting held in southwest China's Sichuan Province. In 2017, more than 3,000 trips were made via the China-Europe freight trains between cities on the two continents. The number is expected to reach 6,000 in 2018, according to the meeting held by the Transport Coordinating Committee of China Railway Corporation's China-Europe project. As of November, the trains connect 56 Chinese cities with 49 European cities in 15 European countries. The number of trips from Europe to China has increased and accounted for 71 percent of the trips to Europe, according to the committee. In late August, the trains marked their 10,000th trip since beginning operations in March 2011. The China-Europe freight rail services have pushed forward China's opening-up and boosted economic and trade cooperation with countries along the Belt and Road, the China Railway Corporation said in a statement. This year marks the fifth anniversary of the Belt and Road Initiative, a transnational network connecting Asia with Europe, Africa and beyond. Over the past five years, China's trade in goods with countries along the Belt and Road exceeded 5.5 trillion U.S. dollars. Chinese direct investment in the non-financial sectors of these countries reached 80 billion dollars during the same period. (Photo: Xinhua)


China-Europe freight rail services have expanded in the first eight months of the year with 5,266 trips made during the period, according to the China State Railway Group Co., Ltd.

The number of trips from China to Europe reached 2,845 with a total of 250,000 standard-sized shipping containers, while figures from Europe to China stood at 2,421 with 210,000 containers, data from the company showed.

As China-Europe freight trains are three times faster than shipping by sea and cost just one-fifth of air transportation, the service is widely favored in the internatioanl market, said an official with the company.

Since the debut of the China-Europe freight rail service in 2011, the number of trips made between the two regions skyrocketed from 17 to 6,300 in 2018.

The China-Europe rail service is considered a significant part of the Belt and Road Initiative, and is expected to boost trade between China and Europe, China's largest trading partner.

Posted in: DIPLOMACY,CHINA FOCUS

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