China is building a revolutionary land-based trade corridor, dubbed the «Suez Canal on rails,» linking Chongqing to Europe. This fast, reliable rail network promises shorter shipping times, reduced reliance on traditional sea routes, and a major shift in global trade dynamics.
China is pushing the boundaries of global trade logistics with a bold new project: a land-based trade corridor often referred to as the «Suez Canal on rails.»
Unlike traditional sea routes, this overland network is designed to move goods quickly and efficiently between China and Europe.
The initiative centers on Chongqing, a major inland city in southwestern China, which is being transformed into a logistics powerhouse.
Railroads play a crucial role in the Eurasian ITCs. Because of the speed and reliability of deliveries it provides, railway transportation is starting to compete with shipment by sea (advantage of speed) and air (advantage of cost). The competition with alternative routes has to be taken into account, whereas the strategy should be built around the available advantages of the existing routes and the complementary nature of others.
Under the new conditions, China has become a key strategic partner and the main «window» for Russian foreign trade turnover
