Xinhua Headlines: Cross-border e-commerce gains traction aboard China-Europe freight trains
In 2020, a record 12,406 China-Europe freight train journeys were made, up 50 percent from 2019. The number hit 1,165 in January, up 66 percent year on year. It is reported that the EU statistics agency Eurostat has said China last year overtook the United States as the EU’s biggest trade partner, with the bilateral trade totaling around 586 billion euros (about 711 billion U.S. dollars).
Will China Railway Express boom in 2020?
During the month of December we have celebrated the fifth anniversary of the first cargo train Yiwu-Madrid (China Railway Express). In November of 2014, the Chinese and Spanish Governments both witnessed the longest railway route in the world being born. By then, the company responsible of the initiative, Yixinou, was able to manage one train to one destination. Five years later, we are confident to reach a total number of 500 trains operating to 11 different worldwide destinations departing or arriving in Yiwu, East China’s Zhejiang Province.