Travel on rail network peaks as holiday ends

China’s railway network saw a return-travel peak on Wednesday as the May Day holiday ended, and the daily number of railway passenger trips during the holiday period exceeded pre-COVID-19 levels. On Wednesday, the last day of the five-day holiday, 17.2 million railway trips were expected to be made, an increase of 30 percent from the…

Another route from China to Europe in the South Caucasus

Since the establishment of diplomatic relations, bilateral cooperation between Azerbaijan and China has been dynamically developing. Both countries are interested in continuing and deepening bilateral ties. Because the interests of Azerbaijan and China in many respects coincide, especially with regard to the Belt and Road Initiative. Azerbaijan, which is at the center of three major…

Trade ties on the up thanks to FTA boost

Upgraded agreement between China and New Zealand injects fresh momentum into bilateral collaborations The upgraded free trade agreement between China and New Zealand will generate fresh momentum for their trade ties in the coming years, boosting the trade in goods and services and regional connectivity activities. Many opportunities occurred after the two sides inked an…

Explosive tourism for upcoming holiday

Train tickets to some of the most popular destinations for this year’s May Day holiday sold out the moment they became available, causing platforms to temporarily crash, foretelling an explosive holiday season starting on May 1.  “I tried wearing and taking off my glasses, binding and not binding my hair, and walked to the brighter…

Transport network ‘to benefit world’

China’s plan to build a global transport and logistics network will establish a safe and stable system expected to boost trade and economic development around the world, according to officials and experts. A policy document jointly unveiled by the Communist Party of China Central Committee and the State Council, China’s Cabinet, earlier this year stated…

China-Europe freight train service thriving during pandemic

Although the global logistics market has been seriously affected by the COVID-19 pandemic since last year, the freight train service between China and Europe has shown strong resilience, transporting epidemic control materials and daily supplies and injecting vitality into the global economy. The latest data showed that from January to March, 3,345 freight train trips…

Chile closure will not derail metal supplies

The COVID-19-related month-long border shutdown in Chile, a major producer of metals, is unlikely to crimp raw material supplies for Chinese companies and will have a mild impact on the country’s inflation risks, experts said on Thursday. Chile, the world’s top supplier of copper and second-largest lithium producer, has decided to shut its borders from…

US new plan needs to rival itself, not BRI

Many US politicians have been busy politicizing the novel coronavirus during the past year, resulting in the worst pandemic response from the world’s richest country. They have shifted their focus to infrastructure now. For example, US President Joe Biden said that he told British Prime Minister Boris Johnson during a phone call on March 26…

No timeline to salvage ship stuck in Suez Canal

A giant container ship remained stuck sideways in Egypt’s Suez Canal, as authorities attempted to free the vessel and reopen a crucial waterway whose blockage is disrupting global shipping and trade. The 400-meter-long Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, got stuck in a single-lane stretch of the canal last…