The upgrades will help expand rail networks, bonded warehouses, multimodal transport, logistics parks, distribution centers, port construction, cross-border e-commerce as well as import and export processing.
According to China Railway, 13,817 trains carried 1.33 million 20-foot equivalent units along the route in the first 11 months of the year, up 23 and 30 percent respectively from the same period. in 2020.
China has already invested in the construction of several overseas stations this year, 12 of which have been added to the China-Europe Zhengzhou Railway, including Kaliningrad in Russia. Chengdu’s station network was also increased by 68, including Immingham on Britain’s east coast, while a new route connected Chongqing to Kiev in Ukraine.
Europe’s largest freight rail company, Deutsche Bahn, also established a wholly-owned subsidiary in Shanghai in November.
“DB Cargo Eurasia is repositioning itself in order to bring even more freight transport on the rails between Europe and China in the long term,” said a statement from Deutsche Bahn.
The China-Europe rail route, however, is supported by significant funding up to US $ 7,500 per container, according to Ding Rujun, vice president of Lanzhou University of Finance and Economics.
Based on Ding’s research, published in the Economic research in Northeast Asia academic journal earlier this month, grants can range from US $ 3,000 to US $ 4,000 per container, up to US $ 7,300 from Guangzhou and US $ 7,500 from Chongqing and Zhengzhou, in some cases exceeding the freight cost itself.
It is the excessive interference of local governments in the China-Europe rail that leads to the low efficiency of its market-oriented operation which intensifies the fierce competition between transport companies.
“It is the excessive interference of local governments in the China-Europe rail that leads to the low efficiency of its market-oriented operation that intensifies the fierce competition between transport companies, disrupts the normal order of the market and n “is not conducive to health and stability. China-Europe rail development,” he said.
Ding also said that the substandard infrastructure in some less developed areas along the road has exacerbated the problems of aging lanes, poor facilities and insufficient storage capacity, which to some extent limits the development of the road. China-Europe.
“This not only prolongs the time of transporting goods, but also tends to cause loss of goods and train congestion, thus reducing the overall efficiency of train operation,” he added.