The China-Europe Railway Express has emerged as a vital platform for economic and trade cooperation, reinforcing the stability of global industrial and secure supply chains.
In the following article, we delve into the significance of this initiative and its transformative impact on international trade and connectivity.
A decade of achievement
Over the past decade, the China-Europe Railway Express has played a pivotal role in facilitating international trade and commerce. Official data reveals that an astonishing 77,000 China-Europe freight trains have operated since its inception, connecting 217 cities in 25 European countries. These trains have transported an impressive 7.31 million TEUs of goods valued at over $340 billion. This impressive reach has established the China-Europe Railway Express as a bridge for international economic and trade cooperation.
Efficiency and reliability
One of the key factors behind the success of the China-Europe Railway Express is its efficiency and reliability. In comparison to traditional shipping methods, this railway service offers a faster and more dependable transportation option. It takes a mere 25 days to reach Europe via the China-Europe Railway Express, compared to a lengthy two-month journey by sea. This efficiency has made it the preferred choice for many exporters.
Diverse cargo handling
The China-Europe Railway Express has evolved to handle a diverse range of cargo, with over 50,000 types of goods now transported on these trains. Notably, mechanical and electrical products, vehicles, and auto parts have seen rapid growth in transportation. This diversification has contributed to the resilience and adaptability of the railway express.
Economic cooperation, growth and expansion
As of 2023, the China-Europe Railway Express has seen steady growth, with a 5 percent year-on-year increase in the number of freight train trips in the first eight months of the year. This growth continued into August, with an 18 percent surge in the number of freight train services, setting a new record. This underscores China’s commitment to maintaining the stability and growth of foreign trade.
Looking ahead, the China-Europe Railway Express shows no signs of slowing down. Multiple Chinese logistics hubs are actively exploring ways to expand and enhance the service. New routes are being planned to directly connect with Europe, providing more efficient transportation for electronic components and local specialty goods.
In particular, regions like Xinjiang are taking steps to bolster their involvement in this thriving initiative. The International Land Port in Urumqi, Xinjiang, reported a 9.35 percent year-on-year increase in China-Europe freight trains during the first seven months of 2023. The total number of inbound and outbound China-Europe freight trains passing through Xinjiang has also seen a substantial