Freight transported via new land-sea corridor in western China increases 38% in Jan-May

Trains crossing the new land-sea corridor in western China carried 310,000 twenty-foot equivalent units (TEUs) of goods from January to May, up about 38 percent year-on-year, showing a strong trend growth for trade and logistics. between western provincial regions of China and Southeast Asia, China Railway, the operator, said in a statement to the Global Times.

Since the beginning of 2022, the implementation of the Regional Comprehensive Economic Partnership (RCEP) has brought new opportunities for the development of the new land-sea corridor in western China. Several new routes have been added to the network, including one linking Southeast Asia, Qinzhou in southern China’s Guangxi Zhuang Autonomous Region and Xi’an in northwest China’s Shaanxi Province, said the press release.

The corridor has increased the transport of special goods such as raw sugar from India and cars from the Middle East. It has become a powerful driving force for the economic and social development of China’s western region, and is driving the country’s new “dual circulation” development paradigm, in which the domestic and foreign markets are mutually reinforcing, with the domestic market being the pillar.

Tailor-made logistics plans have been designed for customers based on ports, railways, airlines and other resources in the corridor, and “green lanes” have been put in place to stabilize industrial chains and d supply along the new land-sea corridor and promote the deep integration of logistics, trade and industry along the routes, China Railway said.

With the entry into force of RCEP, the corridor has played a greater role in boosting trade between China and ASEAN. On April 8, four trains left Sichuan province (southwest China), carrying aluminum products, agricultural equipment, industrial equipment, chemicals and food to Laos, Thailand, the Vietnam and Indonesia.

The corridor has also been extended from the western region to the central province of Henan, with the commissioning of the RCEP-Beibu Gulf Port-Henan road on April 16.

Construction of the corridor began five years ago. In 2019, China’s National Development and Reform Commission released a plan for the creation of the new land-sea corridor in western China. According to the plan, the corridor is mainly located in China’s western region, connecting the Silk Road Economic Belt in the north and the 21st Century Maritime Silk Road in the south.

It is very important to deepen bilateral land-sea opening up and promote the large-scale development of China’s western region. From a road to a transport network, the corridor has transported more than 1.3 million TEUs of goods over the past five years, which is 186 times more than in 2017.
Source: GlobalTimes

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