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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.
China remains a key market for European companies as its economic resilience and large domestic market are vital for them to stay globally competitive, according to a survey released on Monday by the China Council for the Promotion of International Trade.