SPECIAL NOTE: President Xi Jinping of China wants to build foundational infrastructures beyond China to Eurasia, linking many countries along the way…thus building international trade to improve the lives of millions of people today. This is his way to share China’s new wealth and technological advancement with the world. Peace Passion Power, Steve USA Feb 16
Hop aboard the Belt and Road “express train”
By Liu Ning (People’s Daily Online) November 28, 2017
Three years after the first cargo train embarked on its adventure from Yiwu, China’s most famous commodities center, to Madrid, nine routes to Europe have been established for the intercontinental rail freights, which have become a carrier of Sino-European trade and communication.
Linking Zhejiang’s Yiwu, the world’s largest wholesale market for small consumer goods, with the European commodity center of Madrid, the Yiwu-Madrid freight route was launched in 2014. It has seen 264 intercontinental trips so far, carrying 21,536 twenty-foot equivalent units. As of press time, the route has covered 8 countries, including Russia, Poland and France, boosting foreign trade in east China’s export powerhouse of Zhejiang.
The booming intercontinental transportation has led to strong economic growth in Yiwu. The city’s total value of imports and exports has reached 48.88 billion yuan ($7.08 billion) in the first quarter of 2017, growing 23.72 percent year on year. Over 1.8 million kinds of commodities have been exported from Yiwu to 219 countries and regions in the world, according to Xinhua News Agency.