Chengdu in Sichuan province used to be an important commercial center for economic and trade exchanges between China and the world by virtue of its rich products such as silk, tea and lacquerware. Thousands of years later, the modern Silk Road, consisting of international freight trains and flights, has once again thrust Chengdu to the…
Thailand will further boost international trade and inject greater stimulus into its domestic economy by speeding up its connection to the China-Laos railway, experts said. “The China-Laos railway project has opened a new logistics mode in the region,” said Joe Horn-Phathanothai, founder and CEO of Thai investment consultancy Strategy613 focusing on China and Thailand. One…
The Hangzhou-Taizhou High-Speed Railway, China’s first privately-owned high-speed railway in Zhejiang province, became operational recently. It has a total investment of 44.03 billion yuan ($6.93billion), 51 percent of the railway’s shares being held by a consortium of eight private enterprises and the rest by China Railway Development Fund Corporation, Zhejiang Transportation Investment Group, and Shaoxing…
MANILA – The Philippine government has signed a commercial contract worth $2.8 billion with Chinese contractors to build the “fastest and longest railway” in the country that connects southern Luzon provinces, China’s Ambassador to the Philippines Huang Xilian said in a statement on Tuesday. Philippine Transportation Secretary Arthur Tugade signed on Monday the first package…
China has resumed railway freight services to the Democratic People’s Republic of Korea to facilitate normal bilateral trade interactions, Foreign Ministry spokesman Zhao Lijian told a news briefing on Monday. He said the work will be conducted on the basis of ensuring COVID-19 epidemic prevention and control measures. A freight train from the DPRK that…
Crew members prepare epidemic prevention kits on train G1724 in east China’s Shanghai, Jan. 16, 2022. The Spring Festival travel rush, China’s largest annual travel rush, will last from Jan. 17 to Feb. 25 this year. During the 40-day travel season, also known as chunyun, many Chinese people will travel to meet their families for…
China and Vietnam pledged on Thursday to continue with joint efforts in containing the COVID-19 pandemic and improving the efficiency of border clearance to facilitate more trade and economic cooperation. In a phone conversation, Premier Li Keqiang and Vietnamese Prime Minister Pham Minh Chinh reaffirmed their commitment to strengthening strategic dialogue, deepening exchanges in various…
NANJING — A freight train route has been launched between Suzhou, a major export hub in East China, and Lao capital Vientiane, according to the train operator. A train carrying goods such as LCDs and auto parts, with a total value of about 50 million yuan ($7.85 million), departed from Suzhou on Tuesday and is…