A new sea-rail transportation route linking southwest China’s Chongqing Municipality and Singapore was launched Wednesday [10 May 2017]. A freight train carrying 21 containers left Chongqing at around 11 a.m. and will arrive at Qinzhou Port in south China’s Guangxi Zhuang Autonomous Region in two days. From there, the containers will continue to Singapore and other Southeast Asian countries by sea…Full Article: ECNS.cn May 2017
- The Chongqing-Guangxi-Singapore trade route is designed to complement the Chongqing-Xinjiang-Europe railway route.
- In April 2017, free trade zones (FTZ) began operating in the provinces of Liaoning, Zhejiang, Henan, Hubei, Sichuan, and Shaanxi, as well as Chongqing municipality.
- In the autumn of 2013, Chinese President Xi Jinping launched The Silk Road Economic Belt and the 21st-century Maritime Silk Road, a strategic initiative to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea, as well as overland in Central Asia and Europe.
- In March 2011, the the Chongqing-Xinjiang-Europe railway link (Chongqing – Lanzhou, Gansu province – Urumqi, Xinjiang region – Alataw Pass – Kazakhstan – Russia – Belarus – Poland – Duisburg, Germany) began operations. The rail journey takes 14 days compared to the 30 to 35 days of the traditional export (sea) route via Guangzhou, Guangdong province. As of June 2016, 45% of all exports shipped by rail were loaded at Chongqing.
Hong Kong Trends