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China's factory output and retail sales growth slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum.
The Trans-Caspian International Transport Route (TITR) runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkey and further through the Black Sea to Europe. The TITR is a multimodal route that involves two modes of transport: rail and sea.