BUSINESS China's small commodity hub plans to double cargo trains to Europe in 2020

BUSINESS

China's small commodity hub plans to double cargo trains to Europe in 2020

Xinhua

14:01, January 13, 2020

HANGZHOU, Jan. 13 (Xinhua) -- The eastern Chinese city of Yiwu, home to the world's leading small commodities market, plans to send 1,000 cargo trains to Europe in 2020, almost doubling the number in 2019, according to the local government.

Yiwu-Xinhua.jpg

(File photo: Xinhua)

The China-Europe train service has developed rapidly in Yiwu since it was first launched in the city in 2014. In 2019, 528 cargo trains were sent, a 65 percent increase compared with the previous year.

The service now has 11 routes linking Yiwu with 37 countries and regions across Eurasia.

Yiwu has seen booming trade with countries along the Belt and Road, with exports expected to increase by 11 percent in 2019. 


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