China-Europe freight trains enable faster two-way trade

17.03.2023

The recent arrival of a China-Europe freight train, loaded with 102 containers from Europe, at a logistics park in Zengcheng district of Guangzhou, Guangdong province, marked the two-way opening of trade in the eastern highway and rail intermodal hub of the city, according to local railway authorities.

The freight train returned to the railway logistics park on Sunday, helping bring back 1,275 metric tons of corrugated paper and other goods for import and export-oriented companies based in the Guangdong-Hong Kong-Macao Greater Bay Area.

It took 17 days for the train to travel from Central Europe, entering China via the port of Alataw Pass in the Xinjiang Uygur autonomous region, to arrive at the Zengcheng Railway Logistics Park, a journey of more than 10,000 kilometers.

Demand for import and export goods has increased significantly in the Bay Area, following the optimization and adjustment of the COVID-19 control policy, according to Xu Hongzhan, a manager at Guangzhou Dashunfa International Logistics.

«For local trade enterprises, the two-way connection of the China-Europe freight train is a fast and safe logistics channel, helping significantly shorten the transportation time of import and export goods and effectively reduce the logistics cost,» said Xu on Monday.

Operation of the two-way international logistics channel of China-Europe trains will be normalized at the logistics park, helping to build the highway and railway intermodal center in the city into an international train hub in the Bay Area, according to China Railway Guangzhou Group.

As a major national construction project and one of the four national-level logistics hubs in Guangzhou, the intermodal transport hub has launched 20 international logistics lines to Europe, Central Asia and Southeastern Asia, since its freight train service to Germany began in July 2021.

It has become the most frequent international train departure hub in the Greater Bay Area, running five to seven China-Europe trains and one to two China-Laos freight trains every week, according to the group.

The railway group said it would work with local customs and transportation authorities to facilitate construction of the first phase of the highway-rail intermodal transport hub and continue to improve the transport logistics network system.

After completion of the first phase project, the highway-rail intermodal transport hub is expected to become the largest logistics hub for production and services in the Bay Area, helping Guangzhou to accelerate construction of an international modern logistics and consumption center, according to the railway group.

The cross-border freight train linking China and Europe connects 108 Chinese cities and 208 cities in 25 European countries, according to China State Railway Group, the national railway operator.

Analytics on topic
Article
31.05.2023
China’s railway investment hits highest level since 2013 as infrastructure focus shifts to border regions, defence

China’s railway investment in the first quarter hit its highest level since 2013 amid government efforts to boost the economy and expand infrastructure in Western border regions that are of ever-increasing security and economic importance.

Source: South China Morning Post
Report
11.12.2020
Report
11.12.2020
EU-China Trade and Investment Relations in Challenging Times
Trade continues to be the least problematic aspect of the EU-China economic relationship. The BRI offers potential trade gains for Europe by improving physical connectivity with countries along the route to China, but it also poses challenges for the EU. While Chinese investment in Europe is growing and has focused strongly on technology, it raises the question of whether the EU should fear losing its technological edge, especially when Chinese state-owned companies might distort competition through foreign acquisitions.
Source: European Parliament