SOURCE / ECONOMY
China-Europe freight trains allow world to feel the robust momentum of China’s economy and opening-up: FM
Published: Jun 19, 2024 06:14 PM
This photo taken on May 29, 2024 shows a view of the load-transfer yard of Horgos Port in Horgos, northwest China's Xinjiang Uygur Autonomous Region. The Horgos Port and the Alataw Pass, two major railway ports in northwest China's Xinjiang Uygur Autonomous Region, have handled more than 6,400 China-Europe (Central Asia) freight train trips since the beginning of this year, according to China Railway Urumqi Group Co., Ltd. (Photo: Xinhua)

This photo taken on May 29, 2024 shows a view of the load-transfer yard of Horgos Port in Horgos, northwest China's Xinjiang Uygur Autonomous Region. The Horgos Port and the Alataw Pass, two major railway ports in northwest China's Xinjiang Uygur Autonomous Region, have handled more than 6,400 China-Europe (Central Asia) freight train trips since the beginning of this year, according to China Railway Urumqi Group Co., Ltd. (Photo: Xinhua)


The fast-rolling China-Europe freight trains allow the world to witness the speed and vitality of the joint building of the Belt and Road Initiative, as well as experiencing the robust momentum of China's economy and opening-up, Chinese Foreign Ministry (FM) spokesperson Lin Jian told a routine press briefing on Wednesday, commenting on the record performance of trains on the route in May.

The China-Europe freight trains, which connect countries across the Eurasian landmass, hit a new monthly high in May, in which the number of train services reached 1,724, carrying 186,000 standard containers of goods.

Also, during the month, the cumulative number of China-Europe Railway Express train exceeded 90,000, with more than 8.7 million standard containers of cargo valued at more than $380 billion being shipped.

And train services departing from Southwest China's Chongqing Municipality and Yiwu in East China's Zhejiang Province have since last week become fully scheduled, and the time required for sending goods from China to Germany has now been shortened to around 13 days, Lin said.

Lin said a number of international organizations have raised forecasts on the Chinese economy recently and China's foreign trade in the first five months was at new highs for the same period in history.

In late May, the IMF raised its forecast for China's GDP growth to 5 percent in 2024, citing strong first-quarter GDP data and policy measures. The World Bank in June raised its 2024 economic growth forecast from 4.5 percent to 4.8 percent.

Trade figures in May recorded a yearly increase of 8.6 percent to 3.71 trillion yuan, recording an accelerated monthly increase, data from China's General Administration of Customs on June 7.

China is willing to continue to jointly work with countries and regions along the routes of China-Europe freight trains and promote the high-quality development of the train service, work to safeguard global industrial and supply chain stability, promote global economic development and improve the livelihood of local communities along the route, Lin said.