Arab Today, arab today chinaeurope railway relaunches
Last Updated : GMT 11:44:55
Arab Today, arab today
Arab Today, arab today

China-Europe railway relaunches

Arab Today, arab today

Arab Today, arab today China-Europe railway relaunches

Wuhan - XINHUA

A freight train on Wednesday began a journey from central China's key city of Wuhan to Poland's Lodz, restarting the Wuhan-Xijiang-Europe rail route after it was suspended for technical reasons. Its 15-day journey will pass along the Silk Road economic belt through major cities in central and northwest China, Kazakhstan, Russia and Belarus before arriving in the destination. The rail trip is about one month quicker than the maritime alternative, and costs a fifth as much as air freight, according to the Wuhan Transport Committee. "It will greatly improve the competitiveness of exports made in Wuhan and nearby regions," said Yu Shiping, director of the committee. He predicted that it will contribute to the realization of the Silk Road economic belt, the regional trade infrastructure proposed by Chinese President Xi Jinping. The train is loaded with 41 40-foot containers holding goods valued at more than 12 million U.S. dollars. Most of them are products made by Hon Hai/Foxconn, the world's largest electronics contract manufacturer, which assembles products for Apple, Sony and Nokia in its plant in Wuhan, capital of Hubei Province. Although railway transport is costly compared to maritime transport, it is a superior option bearing in mind how wildly electronic products prices fluctuate. They are more sensitive to the time-cost in transportation, according to the Foxconn plant in Wuhan. In a month, the export value of one consignment of electronic products might devalue by about two percent, about several tens of thousands of dollars. "The rail channel serves as a new logistic channel for Foxconn and other export-oriented enterprises. It also enhances the attractiveness of Wuhan to international companies and logistics giants," said Yu. Wuhan is the largest city in central China and among the top 10 megacities nationwide. It has long been an economic, industrial and transportation hub for both the region and the country. Wuhan and Hubei Province have both witnessed surging trade with Central Asian and European countries. It will be much easier to bring in from Europe high-value-added products such as the mechanical and electronic equipment, entire vehicles and parts, as well as medical facilities, said Yu. The Wuhan-Xijiang-Europe railway opened in October 2012, but it was later suspended due to problems with customs clearance and costs. In Oct. 2013, Wuhan set up a railway port with customs clearance functions. "The complicated clearance procedures were finally resolved. Export enterprises can declare their goods in the railway port. It greatly reduces their logistics costs and risks," said Xia Huanyun, deputy director with the Wuhan Transport Committee. As the starting point of the rail route, Wuhan has the irreplaceable advantages of being a shipping center on the middle reaches of the Yangtze River, one of the country's four railway terminals and a regional aviation hub. "The international railway is expected to promote the industrial upgrade and strengthen the regional division of labor, as well as boost economic exchange along the way," said Song Ze, researcher with the Finance and Trade Economy Institute of the Chinese Academy of Social Sciences. More wisdom and cooperation is called for to create a unified market and strengthen the economic and trade links alongside the operation of the new international railway, said Song.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinaeurope railway relaunches Arab Today, arab today chinaeurope railway relaunches

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday