The main problem of the world economy is the need for interconnection, based on both cooperation and friendship, in terms of economic development. The only way that economic development proceeds effectively is with the essential development of modern infrastructure.
The outlook for the global economy has slightly improved since the WTO’s most recent trade forecast was issued in October of last year but the pace of trade expansion in 2023 is still expected to be subpar, weighed down by the ongoing conflict in Ukraine, stubbornly high inflation, tighter monetary policy and financial uncertainty.
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.
Over the past year, rates have fallen for container shipping from China (according to the Drewry World Container Index). Pricing has approached pre-crises levels. Will this trend be reflected in retail business, and what issues are transport operators concerned with? Retail.ru took these questions to key players on the market.
In 2022, the transport industry in Russia and the EAEU as a whole faced unprecedented challenges in the logistics of goods flows due to large-scale trade restructuring in the wake of sanctions restrictions.
In recent weeks, Chinese President Xi Jinping has hosted a batch of visiting foreign leaders.
The Belt and Road Initiative (BRI) remains one of China’s most important national strategies. In the past most achievements related to promoting the primary targets of the initiative, the land-based Silk Road Economic Belt and sea-based 21st Century Maritime Silk Road. In recent years, China has expanded its ambitions with the introduction of the Digital Silk Road, Green Silk Road, Health Silk Road, and Polar Silk Road. While developments in these four areas have already changed the BRI landscape, global investors’ knowledge of the progress being made is still nascent. In this four-part blog series, we delve into these dimensions of the BRI to allow global investors to better understand the initiative’s future roadmap and the relevant investment implications. This second blog covers the Green Silk Road.
In 2021, the EU exported €223 billion of goods to China and imported goods worth €472 billion. China is thereby Europe’s foremost trading partner when it comes to imports of goods, of which a substantial part passes through EU ports, in particular maritime ports.
