A China-Europe Freight Train carrying a variety of goods set out from southwest China's Chongqing Municipality Friday en route to Duisburg, Germany, marking the 100,000th China-Europe Feight Train trip since the cross-border freight train service began operations in 2011.
Over the past 13 years, the China-Europe Freight Trains have shipped over 11 million twenty-foot equivalent units (TEUs) of goods, with the value exceeding 420 billion U.S. dollars, according to China State Railway Group Co., Ltd. (China Railway).
Since the beginning of this year, more than 17,000 China-Europe Freight Train trips have been made, an increase of 11 percent year on year.
Since March this year, the number of China-Europe Freight Train trips operated in a single month has surpassed 1,600 for eight consecutive months.
Between 2016 and 2023, the number of China-Europe freight train trips surged nearly tenfold from 1,702 to over 17,000 annually, while the time required to handle 10,000 trips has been slashed from 90 months at the beginning to only six months now.
The China-Europe Freight Trains now transport over 50,000 types of goods. The value of goods transported annually grew dramatically from 8 billion U.S. dollars in 2016 to 56.7 billion U.S. dollars now.
At present, there are 93 scheduled China-Europe Railway Express routes operating at 120 kilometers per hour within China's railway network, connecting 125 cities across the country. The service reaches 227 cities in 25 European countries and more than 100 cities in 11 Asian countries, covering nearly the entire Eurasian continent and building a new platform for economic and trade cooperation along the routes.
China-Europe Freight Train trips hit 100,000
China and Peru have seen their trade cooperation strengthened over recent years, with bilateral trade growing at an average annual rate of 14.6 percent from 2016 to 2023, official data showed Thursday.
In the first 10 months of this year, bilateral trade jumped 16.8 percent year on year to 254.69 billion yuan (about 35 billion U.S. dollars), according to data released by China's General Administration of Customs.
Between January and October, China exported 40.43 billion yuan (5.6 billion U.S. dollars) worth of mechanical and electrical products to Peru, which accounted for half of China's total exports to Peru.
China's exports of automobiles and parts, mobile phones, laptops and home appliances saw rapid growth during the 10-month period, increasing by 8.7 percent, 29.1 percent, 29.3 percent, and 34.7 percent, respectively. Exports of textiles and garments, as well as plastic products, also rose by 9.1 percent and 14.3 percent year on year respectively.
In the same period, China imported 148.95 billion yuan (20.6 billion U.S. dollars) worth of metal ore and 14.47 billion yuan (2 billion U.S. dollars) worth of agricultural products from Peru, marking an increase of 19.2 percent and 23.8 percent year on year respectively.
China and Peru established a comprehensive strategic partnership in 2013. China is currently Peru's largest trading partner, export market and source of imports.
Chinese President Xi Jinping arrived in Lima, Peru Thursday to pay a state visit to the Latin American country and to attend the 31st APEC Economic Leaders' Meeting scheduled for Friday and Saturday in Lima.
China-Peru trade ties continue to deepen over past years