Home | About Jinhua | Government | Business | Tourism | Living | Study | Survey
Belt and Road Initiatives  
Home > Belt and Road Initiatives
3rd Anniversary of Yiwu Int’l Cargo Train
Post Time: 29/12/2017

It has been three years since the start of Yiwu-Madrid International Cargo Railway. This is the only privately owned railway among the railways of the China Railway Express (CRE). After more than 1000 days of operation, it has become the most frequently traveling train and has the highest loading efficiency. It promotes political, economic, and cultural communication between China and other countries.

On October 12, the No. X8053 train loaded with TX5 auto parts from London Electric Vehicle Company (LEVC) arrived in Yiwu. LEVC is owned by Geely Auto, and this was its first time to use the Yiwu-Madrid railway. According to Jin Guojun, chief inspector of the Geely London Taxi New Energy Vehicles Project in Yiwu, the imported auto parts used to be sent by air or by sea. “The cargo train is much better, especially since our project has a time crunch. Compared to airplanes, it saves 75% of the cost; compared to shipping, it reduces 60% of the transport time.”

From November 18, 2014, to October 31, 2017, the Yiwu-Madrid railway has traveled 264 times, with 21,536 containers in total. It has expanded to nine railways since beginning operation, with five logistics sites and eight warehouses overseas. There are 34 countries along the railway.

At present, the railway has realized regular two-way operation, with the Yiwu-Madrid train running twice per week and the Madrid-Yiwu train once. On its return journey, the train is loaded with products from Spain, France, Germany, the UK, and other countries, including spare parts, wine, olive oil, baby and maternity products, and more.

“What Europe sees is the huge market in China behind the train,” said Jin Gengzhong, deputy director of the Land Port Authority of Yiwu. European products can be sent to Yiwu via the railway, then to other parts of China, which benefits Europe.

Xu Songhua, chairman of the Spanish Council for the Promotion of the Peaceful Reunification of China, said that many Zhejiang businessmen live abroad. Yiwu is the biggest small commodities market in China; Madrid is the largest distributing center for small commodities in Europe. Therefore, Zhejiang businessmen in Europe are willing to send their goods to China through the cargo train.

Yiwu is not only the “world market,” but also the only pilot city for the Comprehensive Reform of International Trade. At present, the suppliers of the cargo train come from Zhejiang, Shanghai, Guangdong, Anhui, and Jiangsu. At its beginning, most of the train’s goods were small commodities; now it transports electronic accessories, clothes, fabric, hardware, bags, and suitcases. The total value has increased to $5 million USD from $3 million.

Yiwu is a showcase of China’s opening up. According to statistics, 13,000 businessmen from over 100 countries and regions have settled in Yiwu; every year, 500,000 businessmen travel to and from the city; and more than 200,000 medium- and small-sized enterprises are selling their products to the world from Yiwu. Thanks to the international cargo train, Yiwu has strengthened communication with countries along the way.

“At first, the Spanish enterprises were skeptical about the Belt and Road Initiative and China Railway Express. We had to search for customers and sometimes even load the goods by ourselves. Now they approach us by themselves and need to make appointments two weeks in advance,” said Lin Huihuan, director of COSCO Shipping Lines (Yiwu).

Yiwu International Trade City has set up its first branch overseas in Warsaw, Poland. Next it will have more branches in Madrid, Spain, and Duisburg, Germany. In addition, Yiwu has become the sister city of 24 cities from 18 countries and regions, including Barcelona, Spain, and Kelang, Malaysia.  (By Qu Lingyan – Xinhua News, translated by Li Ziyi, edited by Kendra Fiddler)

It has been three years since the start of Yiwu-Madrid International Cargo Railway. This is the only privately owned railway among the railways of the China Railway Express (CRE). After more than 1000 days of operation, it has become the most frequently traveling train and has the highest loading efficiency. It promotes political, economic, and cultural communication between China and other countries.

On October 12, the No. X8053 train loaded with TX5 auto parts from London Electric Vehicle Company (LEVC) arrived in Yiwu. LEVC is owned by Geely Auto, and this was its first time to use the Yiwu-Madrid railway. According to Jin Guojun, chief inspector of the Geely London Taxi New Energy Vehicles Project in Yiwu, the imported auto parts used to be sent by air or by sea. “The cargo train is much better, especially since our project has a time crunch. Compared to airplanes, it saves 75% of the cost; compared to shipping, it reduces 60% of the transport time.”

From November 18, 2014, to October 31, 2017, the Yiwu-Madrid railway has traveled 264 times, with 21,536 containers in total. It has expanded to nine railways since beginning operation, with five logistics sites and eight warehouses overseas. There are 34 countries along the railway.

At present, the railway has realized regular two-way operation, with the Yiwu-Madrid train running twice per week and the Madrid-Yiwu train once. On its return journey, the train is loaded with products from Spain, France, Germany, the UK, and other countries, including spare parts, wine, olive oil, baby and maternity products, and more.

“What Europe sees is the huge market in China behind the train,” said Jin Gengzhong, deputy director of the Land Port Authority of Yiwu. European products can be sent to Yiwu via the railway, then to other parts of China, which benefits Europe.

Xu Songhua, chairman of the Spanish Council for the Promotion of the Peaceful Reunification of China, said that many Zhejiang businessmen live abroad. Yiwu is the biggest small commodities market in China; Madrid is the largest distributing center for small commodities in Europe. Therefore, Zhejiang businessmen in Europe are willing to send their goods to China through the cargo train.

Yiwu is not only the “world market,” but also the only pilot city for the Comprehensive Reform of International Trade. At present, the suppliers of the cargo train come from Zhejiang, Shanghai, Guangdong, Anhui, and Jiangsu. At its beginning, most of the train’s goods were small commodities; now it transports electronic accessories, clothes, fabric, hardware, bags, and suitcases. The total value has increased to $5 million USD from $3 million.

Yiwu is a showcase of China’s opening up. According to statistics, 13,000 businessmen from over 100 countries and regions have settled in Yiwu; every year, 500,000 businessmen travel to and from the city; and more than 200,000 medium- and small-sized enterprises are selling their products to the world from Yiwu. Thanks to the international cargo train, Yiwu has strengthened communication with countries along the way.

“At first, the Spanish enterprises were skeptical about the Belt and Road Initiative and China Railway Express. We had to search for customers and sometimes even load the goods by ourselves. Now they approach us by themselves and need to make appointments two weeks in advance,” said Lin Huihuan, director of COSCO Shipping Lines (Yiwu).

Yiwu International Trade City has set up its first branch overseas in Warsaw, Poland. Next it will have more branches in Madrid, Spain, and Duisburg, Germany. In addition, Yiwu has become the sister city of 24 cities from 18 countries and regions, including Barcelona, Spain, and Kelang, Malaysia.  (By Qu Lingyan – Xinhua News, translated by Li Ziyi, edited by Kendra Fiddler)

 

[Print] [Close][Top]
Copyright Jinhua Municipal People's Government
E-mail:jhwaiqiaoban@jhwq.gov.cn