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Xi’an handles over 25,000 China-Europe freight train trips, setting new record

China

China

China

Xi’an handles over 25,000 China-Europe freight train trips, setting new record

2024-11-14 01:04 Last Updated At:07:27

Xi'an, the capital city of Shaanxi Province in northwest China, has become the first city in the country to operate more than 25,000 China-Europe freight train trips, according to the Chinese Ministry of Transport.

The city has handled over 4,000 China-Europe freight trains and shipped around 4.6 million tons of goods in the first three quarter of 2024.

Once the starting point of the ancient Silk Road, Xi'an City has become a vital node linking Asia and Europe.

The Xi'an International Port Station operates 18 regular international routes, which reach Almaty in Kazakhstan, Tashkent in Uzbekistan, and Hamburg in Germany, traversing the Caspian Sea and covering the entire Eurasian continent.

The cross-border China-Europe Freight Train service connecting China and the European countries, officially known as "CHINA RAILWAY Express", has connected Chinese cities with 222 European cities in 25 countries.

Initiated in 2011, the China-Europe rail service is considered a significant part of the Belt and Road Initiative to boost trade between China and countries along the routes.

Xi’an handles over 25,000 China-Europe freight train trips, setting new record

Xi’an handles over 25,000 China-Europe freight train trips, setting new record

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 41 pips to 6.8426 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.8426 against USD Tuesday

Chinese yuan strengthens to 6.8426 against USD Tuesday

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