China flags off 1st goods train to London
China has launched its first freight train to London over 12,000 kms away as part of efforts by the worlds second largest economy to expand rail links to different areas across the globe to improve its dwindling exports and stabilise slowdown.
The train departed from Chinas international commodity hub Yiwu in Zhejiang Province yesterday. It will travel for about 18 days and more than 12,000 kilometres before reaching its destination in Britain, the China Railway Corporation (CRC) said.
Yiwu is known for producing small commodities, and the train mainly carried such goods, including household items, garments, cloth, bags and suitcases.
It will pass through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before arriving in London, state- run Xinhua news agency reported. London is the 15th city in Europe added to China-Europe freight train services.
The service will improve China-Britain trade ties, strengthen connectivity with western Europe, while better serving Chinas Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, the CRC said.
Chinas exports totalled to USD 2.27 trillion in 2015 slowing down from USD 2.34 trillion in 2014. Its economy grew at 6.9 per cent in 2015, slipping below seven per cent in a quarter of century. As part of its efforts to stabilise its exports and economy, China has embarked on multi-billion dollar global connectivity project called the One Belt One Road (Silk Road).
News Source: PTI
You might also like
Customs duty should be brought down to 2.5%
Aviation Industry has been waiting for reduction of waiver of Customs duty since 2008. Since the current Government is Pro-active in rationalising the Finance sector, we hope that they would
ITC LIMITED RENEWS ITS PARTNERSHIP OF NEARLY 4-DECADES WITH STARWOOD HOTELS & RESORTS
Agreements signed for 12 existing hotels and 3 new ITC Luxury Collection hotels- ITC Limited and Starwood Hotels & Resorts (NYSE:HOT) recently announced that they have signed agreements to extend
Thailand’s Flora Park Festival welcomes visitors with flower displays and floral spectacles
Open for visitors from November until February showcases over 100,000 flowers of numerous plant and tree species with five themed zones Want to go on a holiday where you are
