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Federal Minister for Planning, Development and Reform Ahsan Iqbal speaking at Belt and Road Forum for international cooperation at Beijing. - -
China's Westward One Belt One Road Strategy
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Federal Minister for Planning, Development and Reform Ahsan Iqbal speaking at Belt and Road Forum for international cooperation at Beijing. - -
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5,000 China-Europe cargo trains expected by 2020
There will be a safe, convenient and efficient system of China-Europe direct cargo trains by 2020, the country’s top economic planning body has said.
It is estimated that there will be around 5,000 cargo trains running between China and Europe annually by 2020, according to a development plan issued by the National Development and Reform Commission.
As a key component of the Belt and Road initiative, direct cargo trains will connect a growing number of cities in China and Europe.
Demand for rail cargo service between China and Europe has exploded in recent years because it offers an alternative to slower and riskier sea freight and much costlier air cargo.
The development plan shows that the cargo train service system will consist of three routes — an east route, a central route and a west route. The routes will not only connect China with Europe, but also with East Asia and Southeast Asia.
Some 43 transport hubs will be created along the three routes and 43 railway lines will be built, according to the plan.
There were 1,881 China-Europe cargo trains in service as of the end of June, which transported imports and exports worth 17 billion U.S. dollars.
The European Union has been China’s largest trading partner for more than a decade, while China is one of the EU’s biggest sources of imports. Bilateral trade amounted to 3.51 trillion U.S. dollars in 2015.
Story compiled information from Xinhua News Agency.
There will be a safe, convenient and efficient system of China-Europe direct cargo trains by 2020, the country’s top economic planning body has said.
It is estimated that there will be around 5,000 cargo trains running between China and Europe annually by 2020, according to a development plan issued by the National Development and Reform Commission.
As a key component of the Belt and Road initiative, direct cargo trains will connect a growing number of cities in China and Europe.
Demand for rail cargo service between China and Europe has exploded in recent years because it offers an alternative to slower and riskier sea freight and much costlier air cargo.
The development plan shows that the cargo train service system will consist of three routes — an east route, a central route and a west route. The routes will not only connect China with Europe, but also with East Asia and Southeast Asia.
Some 43 transport hubs will be created along the three routes and 43 railway lines will be built, according to the plan.
There were 1,881 China-Europe cargo trains in service as of the end of June, which transported imports and exports worth 17 billion U.S. dollars.
The European Union has been China’s largest trading partner for more than a decade, while China is one of the EU’s biggest sources of imports. Bilateral trade amounted to 3.51 trillion U.S. dollars in 2015.
Story compiled information from Xinhua News Agency.
5,000 China-Europe cargo trains expected by 2020
There will be a safe, convenient and efficient system of China-Europe direct cargo trains by 2020, the country’s top economic planning body has said.
It is estimated that there will be around 5,000 cargo trains running between China and Europe annually by 2020, according to a development plan issued by the National Development and Reform Commission.
As a key component of the Belt and Road initiative, direct cargo trains will connect a growing number of cities in China and Europe.
Demand for rail cargo service between China and Europe has exploded in recent years because it offers an alternative to slower and riskier sea freight and much costlier air cargo.
The development plan shows that the cargo train service system will consist of three routes — an east route, a central route and a west route. The routes will not only connect China with Europe, but also with East Asia and Southeast Asia.
Some 43 transport hubs will be created along the three routes and 43 railway lines will be built, according to the plan.
There were 1,881 China-Europe cargo trains in service as of the end of June, which transported imports and exports worth 17 billion U.S. dollars.
The European Union has been China’s largest trading partner for more than a decade, while China is one of the EU’s biggest sources of imports. Bilateral trade amounted to 3.51 trillion U.S. dollars in 2015.
Story compiled information from Xinhua News Agency.
My goodness, talk about bold leadership, talk about vision, talk about sheer will. I don't think the leaders of any other nation can come up with something as mindboggling as the Chinese today. Sceptics will keep writing their usual sceptical articles about the Belt and Road initiative, but they don't have a clue on how to improve peoples lives or how to conduct business on a grand scale. I applaud the Chinese for this daring and bold adventure and i wish all the nations along the Belt road every success.
Blackstone
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I'm glad President Trump sent a deligation to the BRF, but I had hoped he'd go in person and fight for American interests in the BRI. It is the single most important 21st. Century economic initiative thus far, and America needs to get on board fast. Ignoring the BRI is strategic malfeasance, and US doesn't have the same leverage on China to play hardball as it used to have.
Time to admit the obvious; China is not containable, and it will lead the economic world if US doesn't show some pragmatic sense and partner with it where it as firsts among equals. Two primary problems of continued US obstinance are 1) China already showed it doesn't need the US to economically lead most of the world, and 2) it isn't in US interests to cede global connectivity to other great powers.
Blackstone
Brigadier
Alarm bells should be ringing nonstop in Beltway's halls of power on pictures like this one; it isn't in US interests to push Russia into China's loving arms.
NATO reneged on its promise not to expand into traditional Russian buffer zones, and it should own up to its mistake and cut its losses. President Trump should do what's best for the US by reversing course in Eastern Europe. Stop the imperialistic expansions, bring Russia back from the cold, and help its traditional buffer states to get back to Moscow's good graces. Time is running out.
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Russian President Vladimir Putin says the Belt and Road Initiative is "an innovative approach." The Russian leader makes the remarks when delivering a speech at the Belt and Road Forum for International Cooperation.
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Very Simple:
US need to revisit their own policies & start investing on ground for the betterment of humanity & win the hearts & trust of the people rather than investing on dummy (corrupt) leaders to fulfill the goals...