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United States China-Laos Railway will further promote exports to three countries
As a result of this new railway line, Laos shares a common border between Myanmar and Thailand, and Thailand and Singapore are well connected, so China’s trade with Myanmar, Thailand and Singapore is expected to increase in the future. increase.
Rail lines are part of Laos’ strategy to convert from landlocked countries to land hubs and reduce travel time between Vientiane and Kunming to about 10 hours.
China recently set up rail lines in remote locations, including various countries in Europe and Asia, and then launched a 1,035 km China-Laos rail line from Kunming, Yunnan, in southwestern China to Vientiane, the capital of Laos. have started. Railroad lines also promoted China’s exports to Myanmar, Thailand and Singapore.
According to data released by Kunming Customs, the line, which opened on December 3, 2021, has already witnessed about 116 freight trains as of January 3, 676 million yuan (about 100 million yuan). We have succeeded in transporting more than 49,800 tons of cargo, which is equivalent to (6 million dollars).
So far, goods from 12 cities in seven states of China have been shipped to Laos by international freight train.
China sees rail routes as a more feasible alternative for transporting more expensive air and much slower sea freight to different parts of Europe and Asia. It is also a national way to develop inland areas far from the harbor.
Freight train services between China and Europe increased 22% year-on-year to over 15,000 in 2021 and helped stabilize the global supply chain in the pandemic.
The volume of commodities traded between Vietnam and China via the two border gate railway stations of Lao Cai and Dong Dan exceeded 838,000 tonnes in the first nine months of 2021, an increase of 43% year-on-year. ..
Guangxi Zhuang Autonomous Region of China processed 346 China-Vietnam freight train trips in 2021. It increased by nearly 108% compared to 2020. The service is expected to make more than 400 trips between the two countries this year.
Fiber2Fashion News Desk (KD)
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China-Laos Railway will further promote exports to three countries
Source link China-Laos Railway will further promote exports to three countries
