New cargo train route between China and Hungary

Deals

pixabay

A new China-Europe freight train service has been launched between Jinan, capital of Shandong province in eastern China, and Budapest, according to a report by Chinese news portal china.org.cn.

Illustration: Pixabay

The report says that this is the fifth cargo train service Jinan has opened to Europe and Central Asia, according to the cityʼs port and logistics office, adding that goods can now reach 12 countries in Europe and Central Asia via available train routes.

In the first half of 2019, freight trains completed 81 journeys from Jinan to Europe and Central Asia, representing a nearly sixfold increase year-on-year. Together they have carried a total of 65,000 tonnes of goods worth some USD 155 million. 

Jinan said it will increase the frequency of cross-border trains and plans to open more routes to Poland and Germany in the near future.

The China-Europe freight train service, a significant part of the China-proposed Belt and Road Initiative, was launched eight years ago, growing rapidly ever since.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.