Interconnection

The freight volume of China-Europe freight trains increased by 4.9% year-on-year

Seetao 2022-08-05 09:49
  • Under the dual influence of the epidemic and the international situation, the China Railway Express still shows strong vitality
  • China Railway Express has reached more than 200 cities in 24 European countries
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18 Minutes

From January to July 2022, China-Europe freight trains delivered a total of 869,000 TEUs of goods, a year-on-year increase of 4%; according to statistics from the Ministry of Commerce and the State Administration of Foreign Exchange, in terms of investment, non-financial direct investment from Chinese enterprises in countries along the Belt and Road in the first half of the year 65.03 billion yuan, a year-on-year increase of 4.9%.

Some experts have analyzed that looking back to 2022, unexpected factors such as the epidemic and the international situation will hinder economic growth, but the Belt and Road international cooperation has shown strong resilience and vitality, and has played an important role in fighting the epidemic, stabilizing the economy, and protecting people's livelihoods. It also marks the further expansion and deepening of the Belt and Road cooperation.

A new breakthrough for China-Europe freight trains

"Under the influence of the Russian-Ukrainian situation and the epidemic, shipping prices have doubled, and some have even increased to 10 times the original price. As a result, the China-Europe freight trains with slower growth rates are relatively competitive in price." When analyzing the reasons for the increase in freight volume of China-Europe freight trains, Bai Ming, deputy director of the International Market Research Department of the International Trade and Economic Cooperation Institute of the Ministry of Commerce, said.

In addition to the price advantage, the improvement of high-quality services continued to be effective. The person in charge of the freight department of China Railway Group introduced that since 2022, China Railway Group has continuously consolidated and improved the good development trend of China-Europe freight trains, actively promoted the high-quality development of China-Europe freight trains, and provided strong support for the high-quality joint construction of the Belt and Road.

The data shows that at present, the China-Europe freight train has reached 200 cities in 24 countries in Europe; the ratio of the return and outbound freight trains of the China-Europe freight train has reached 88%, a year-on-year increase of 6%; the round-trip comprehensive heavy container rate will continue from 2021 to 2022. Stay above 98%. At the same time, from January to July 2022, the average daily volume of China-Europe freight trains in the west, middle and east passages increased by 18.3%, 17.7% and 36.5% respectively compared with 2020 before the capacity expansion and reconstruction.

"Under the unexpected factors such as the epidemic and the international situation, the Belt and Road still maintains a good momentum of development, which is conducive to the follow-up cooperation with countries along the Belt and Road." Hong Tao, director of the Institute of Business Economics of Beijing Technology and Business University, said, "This It is because China's strength under the trend of globalization allows countries along the route to see the relative stability of the Chinese market, thereby increasing their confidence in cooperation; at the same time, the concept of 'co-consulting, co-construction and sharing' is also more deeply rooted in the hearts of the people."

Investment brings resources

Increasing investment in countries along the Belt and Road will enable all parties to complement each other's resources and achieve mutual benefit and win-win results. Bai Ming said, "In terms of energy, environment, and security, it is relatively more beneficial to invest resources in countries along the Belt and Road. Correspondingly, China has a large market, and cooperation with China can bring significant benefits to it. resource dividends.”

According to the data, from January to June 2022, the non-financial direct investment of Chinese enterprises in the countries along the Belt and Road was 65.03 billion yuan, a year-on-year increase of 4.9% (equivalent to 10.03 billion US dollars, a year-on-year increase of 4.7%), accounting for 18.5% of the total for the same period. Compared with the same period in 2021, it increased by 0.7 percentage points, mainly investing in countries such as Singapore, Indonesia, Pakistan, Malaysia, Vietnam, the United Arab Emirates, Thailand, Cambodia, Laos and Bangladesh.

At the same time, Chinese enterprises newly signed 2,533 foreign contracted project contracts in countries along the Belt and Road, with a newly signed contract value of 338.5 billion yuan, a year-on-year decrease of 11.8% (equivalent to 52.21 billion U.S. dollars, a year-on-year decrease of 11.9%), accounting for China's foreign contracted projects during the same period. 50.4% of the newly signed contract value; the completed turnover was 248.97 billion yuan, a year-on-year decrease of 2.2% (equivalent to 38.4 billion US dollars, a year-on-year decrease of 2.4%), accounting for 54.4% of the total for the same period.

Regarding the decline in the amount of foreign contracted projects, Hong Tao said that the construction of the Belt and Road will be better in the second half of the year. "At present, the conflict between Russia and Ukraine has begun to show signs of 'ceasefire', and a preliminary agreement has been reached on grain port transportation. At the same time, the impact of the epidemic on the economy in the second half of the year has begun to slow down." Hong Tao said, "The recovery of the domestic economy will be inevitable. Trend, the second half will be better than the first half."

open the market

In order to further support the countries along the Belt and Road and release more development dividends, on August 2, 2022, the Ministry of Finance website issued an announcement stating that starting from September 1, 2022, 16 least developed countries originating in the Togo Republic and other For imported products of 98% of the country's tax items, the preferential tax rate of zero applies. Among them, 98% of the tax items are the tax items with zero tax rate in the annex to the Announcement No. 8 of 2021 by the Tax Commission, with a total of 8,786 items.

"The data of 98% is very close to 100%, which means that for these 16 countries, China has achieved zero tariffs on almost all its products, of which it is very likely that some of them are domestic products." Bai Ming said, "This Different from the tariff reduction in the free trade zone, the free trade zone is a transaction, which is mutually beneficial and win-win, and this measure is China's unilateral care for the countries along the Belt and Road."

Hu Qimu, chief researcher of Sinosteel Economic Research Institute, said that most of the 16 countries in the document are African countries. Therefore, one of its purposes is China-Africa friendly cooperation. "Over the years, China has not forgotten to drive the economic development of African underdeveloped countries in the process of its own economic take-off, intensified policy efforts to allow the least developed countries in Africa to enjoy the dividends of China's market, support the development of national industries in these countries, and promote the construction of human beings. A community of destiny."

By the end of 2021, in accordance with China's commitment to grant zero-tariff treatment to some products from least developed countries, and according to the progress of the exchange of letters, China has granted zero-tariff treatment to 97% of tax items in 42 countries including the Republic of Angola, and 95% to the Democratic Republic of Timor-Leste and the Republic of the Union of Myanmar. Tariff items are zero-tariff treatment. Keywords: One Belt One Road, One Belt One Road News, One Belt One Road Project

"Zero tariff marks the further opening of the Chinese market, and also means that the Belt and Road cooperation will be further expanded and deepened." Hong Tao said, "Expanding the scope of products exported by least developed countries to China with zero tariff treatment will further share the market with the least developed countries. Opportunities, practice mutual benefit and win-win.”Editor/XuNing