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Horgos in northwest Xinjiang launches first road-rail freight train route to Uzbekistan

China

China

China

Horgos in northwest Xinjiang launches first road-rail freight train route to Uzbekistan

2024-12-02 05:56 Last Updated At:10:37

A freight train loaded with 1,080 tons of hot-dip galvanized steel coil departed from the Horgos comprehensive bonded area in northwest China's Xinjiang Uygur Autonomous Region on Saturday, marking the launch of a "road-rail" multimodal freight train route linking Horgos in Xinjiang with Tashkent, the capital of Uzbekistan.

The new route integrates two different modes of transport. After arriving in the Horgos comprehensive bonded area via road transport, the cargo will then be transferred to freight trains, exit through railway crossing points, and ultimately arrive in Uzbekistan.

The new freight train route will significantly reduce logistic transit time and further facilitate the trade and economic exchanges between China and countries in central Asia.

With the new route in service, over 300,000 tons of steel are expected to be shipped to Central Asian countries next year, including Uzbekistan.

Horgos in northwest Xinjiang launches first road-rail freight train route to Uzbekistan

Horgos in northwest Xinjiang launches first road-rail freight train route to Uzbekistan

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, 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 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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