18824
China Freight Train to Moscow
World Economy

China Freight Train to Moscow

China has started a rail freight service linking the western Xinjiang region also known as a “core area” of the Silk Road economic belt with Moscow. It is expected to deliver $8.1 billion worth of cargo annually, Xinhua reported. The rail authorities in China’s Xinjiang autonomous region announced the setting up of an additional train service westward. The first train to travel the new route left the region’s capital Urumqi on Wednesday afternoon and will reach Moscow in about 10 days. Loaded with 1,300 tons of PVC (polyvinyl chloride resin), it will travel more than 4,000 kilometers and return with wood pulp from Russia.

 

Short URL : http://goo.gl/yFyQf1

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Trending

Googleplus