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.
Development of North — South ITC faces some fundamental challenges: a limited cargo base, fragmented essence of the route at the current stage, various interests of states. However the prospects for future development are attractive
The Eurasian landbridge has contributed to increased sustainable connectivity between the EU and China during the decade of the 2010s. Felicitously, this market-driven development preceded, and also complemented, major foreign economic policy announcements by China and the EU and reinforces their goal of increased connectivity. The resulting connectivity is likely to survive any bilateral political debacles because the economic foundation is strong
