Europe-bound Chinese rail freight is expected to become a whole lot more expensive as Beijing looks to address multiple looming economic crises [The Loadstar].
Having spent years subsidising its rail freight network, with the intent of entrenching it as a legitimate alternative to the more dominant air and ocean cargo services, China’s government is reputedly lining up a faster-than-expected subsidy reduction.
The development of the NSR is intended to provide another link between Asia and Europe
The regulatory crisis in global trade and the era of trade wars and the Western sanctions against China and Russia that have unfolded in recent years have hastened already-rapid growth in bilateral trade between the states.
