Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Cargo Train to link China to Spain

Source: Economic Times - Mon 24th Nov 2014
Cargo Train to link China to Spain

In an initiative to build a new silk road linking Asia and Europe though Central Asia, China launched a cargo train service connecting its world's largest commodity market in Yiwu with the Spanish capital Madrid, 13,000-km away.

The train with 82 containers was the first to travel the entire course of the cargo line on Tuesday, the state-run Xinhua news agency reported.

The "Yixin'ou" cargo line starts from Yiwu in coastal Zhejiang Province, enters into Central Asia from western China's Xinjiang and traverses Europe to reach its terminus in Spain.

The 13,000-km line passes six countries apart from China and Spain, including Kazakhstan, Russia, Belarus, Poland, Germany and France.

It takes 21 days to travel the entire course of the line, the longest in all China-European cargo railways, officials said.

The line opens a more efficient channel for Yiwu's small commodities to go abroad, with the city previously relying heavily on air and marine transportation, a customs official in Yiwu, Lin Jiang said.

The Yixin'ou rail line opened freight traffic between Yiwu and Central Asia in January.

The new train service was launched as Chinese President Xi Jinping announced USD 50 billion fund to build 21st century Silk Road Economic belt and Maritime Silk Road which enhances China's trade links in the region and world.

Yiwu China's largest consumer market in the world which rakes up billions of dollars of trade with the rest of the world including India.

Recommended Reading :

* Spain and China sign EU3 Bln business deal

* Spain leads the way in Chinese-friendly tourism

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs