国内英语资讯:China-Singapore rail-sea transit route expands B&R cooperation_时事

国内英语资讯:China-Singapore rail-sea transit route expands B&R cooperation

The Southern Transport Corridor is of bigger significance. The China-Europe freight train service and the corridor connect the Silk Road Economic Belt and the 21st Maritime Silk Road.

"The larger transport corridor connects Central Asia and Europe to the west, and ASEAN members to the south, further linking South Asia, the Middle East and Australia," said Zhai Kun, professor of international relations at Peking University. "All the countries and regions along the corridor can thus share capacity and market."

Over the past year, the Southern Transport Corridor has boosted economic and trade exchanges between west China and Southeast Asian countries.

Both the export and import volume and goods variety have increased, said Han. Agricultural products, auto and motorcycle parts, and electricity generators are moving south while clothing, agricultural products and mineral products from Southeast Asia are moving north.

The southern corridor brings market opportunities for businesses in west China.

Li Jingsen, president of Lanzhou Pump Co. in northwest China's Gansu Province, said the company earlier focused on Central Asia in its export strategy, but now gave similar attention to Southeast Asia.

The corridor has become a platform for Southeast Asian countries to share the opportunities of the B&R Initiative.

Goods from Vietnam start by moving to Chongqing and then take trains bound for Europe. This takes about 19 days, much shorter the over 40 days for shipping by sea.