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China-Europe freight train trips surpass 90,000

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China

China-Europe freight train trips surpass 90,000

2024-05-25 18:46 Last Updated At:05-26 10:52

The total number of China-Europe freight train trips has surpassed 90,000 on Saturday, as the 90,000th train departed from Xi'an, the capital city of northwest China's Shaanxi Province.

To date, the freight trains have transported more than 8.7 million containers of goods to Europe, valued at 380 billion U.S. dollars.

In order to improve the operational efficiency of China-Europe freight trains, the Xi'an international port launched full-time schedule freight train services between Xi'an and German city of Duisburg in cooperation with the China Railway Group and the national railway company of Germany in October 2022.

With priority given to the Xi'an-Duisburg trains, the full-time schedules have effectively shortened the operation time of each link during the train trips.

"The whole journey of the Xi'an-Duisburg domestic and overseas full-time schedule trains takes 12 days, which is five to eight days shorter than common trains. Now, we have achieved a frequency of two departures and one arrival per week. While ensuring transport efficiency, we have also improved transport capacity," said Zhang Xiao, executive deputy general manager of the Xi'an International Landport Multimodal Transport Company.

The Xi'an international port operates 59 train routes and handles 66 million tons of goods per year. It has become the largest rail logistics center in northwest China and an inland hub for China-Europe freight trains.

"Xi'an now runs 17 international China-Europe freight train routes connecting more than 40 countries and regions, as well as 19 domestic routes toward the Yangtze River Delta, the Pearl River Delta, the Beijing-Tianjin-Hebei region and other major sources of goods. More than 300 foreign trade and logistics companies from coastal areas in south and east China and more than 1,000 e-commerce companies have established offices in the city," said Lu Ming, an employee of the Xi'an international port.

In light of the needs for multimodal transport services and digitalized container yards, the Xi'an international port has established a comprehensive management information system to make better operation plans and minimize the operation time.

"In every 100 minutes, a China-Europe freight train departs from or arrives at the Xi'an international port. Now, the Xi'an international port has become the station that runs the most China-Europe freight trains in the country," Lu said.

So far, the China-Europe freight trains have reached 223 cities in 25 European countries and over 100 cities in 11 Asian countries, with the service network covering almost the entire Eurasian continent.

China-Europe freight train trips surpass 90,000

China-Europe freight train trips surpass 90,000

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China's investment in fixed assets grows steadily in Jan-May period

2024-06-17 17:48 Last Updated At:18:07

China's investment in fixed assets maintained steady growth in the first five months of 2024, accompanied by ongoing optimization of the investment structure, an official from the National Bureau of Statistics (NBS) told a press conference in Beijing on Monday.

Driven by the advancements in high-end, smart, and green manufacturing, investment in the manufacturing sector has posted strong growth momentum since the beginning of the year, according to the NBS,.

From January to May, investment in the manufacturing sector grew by 9.6 percent year on year, 5.6 percentage points faster than that of the total investment and contributing 57.3 percent to the growth of the total investment.

Notably, investment in high-tech industries has continued to expand, while investment in equipment upgrading and technological transformation has experienced accelerated growth.

"With the robust support of policies for large-scale upgrading of equipment, investment in the purchase of machinery and equipment showed a good growth momentum. In the January-May period, such investment increased by 17.5 percent year on year, outpacing the growth in the January-April period by 0.3 percentage points. Besides, there has been an accelerated pace of transformation and upgrading of traditional industries. During the same period, investment in technology transformation in the manufacturing sector grew by 10 percent year on year, marking a 1.5-percentage-point acceleration," said NBS spokeswoman Liu Aihua.

In addition, investment in major projects played a crucial role during the first five months, with completed investments in projects each with a planned total investment of 100 million yuan or more recording a year-on-year growth of 8.5 percent, driving a 4.6-percentage-point rise in the nation's total investment.

Looking ahead, China has broad space to increase effective investment and has huge investment potential in aspects such as innovation-driven development, transformation and upgrading, green transition, and people's livelihood, said the official.

China's investment in fixed assets grows steadily in Jan-May period

China's investment in fixed assets grows steadily in Jan-May period

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