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China-Europe freight train route connects small commodity hub Yiwu with world

China

China

China

China-Europe freight train route connects small commodity hub Yiwu with world

2024-11-26 00:08 Last Updated At:04:17

The total import and export of goods to and from Yiwu, the world's largest wholesale market for small commodities and consumer goods in east China's Zhejiang Province, reached 560.16 billion yuan (about 77 billion U.S. dollars) in the first 10 months of 2024, up 18.3 percent from the previous year.

The China-Europe freight train route linking Yiwu with Madrid in Spain marked its 10th anniversary on Nov 18, contributing greatly to that number.

Over the past decade, more than 6,700 China-Europe freight trains have set off from Yiwu, transporting over 670,000 twenty-foot equivalent units (TEU) containers of goods, including nearly 50,000 different types of goods from the Yiwu International Trade Market in Jinhua City.

Connected by rail to the Ningbo-Zhoushan Port, the world's largest port in terms of cargo throughput, the Yiwu International Trade Market is also selling larger products such as new energy vehicles using China's first specialized platform for display and trading of new energy products.

Having worked for the China-Europe freight train service for a decade, train driver Huang Wei's job is to align the containers of goods and pull them to the starting point of the Yiwu-Madrid journey.

After the train returns, Huang will use the locomotive to bring the containers of goods to the customs clearance area.

"When the first train on the route returned to Yiwu from Madrid, it brought back wine in constant-temperature containers, which was the first time I had seen them. When I saw this container appear in the train behind my locomotive, I thought this line was a success! The timeliness and safety of our China-Europe trains can fully meet all cargo transportation requirements,” said Huang.

Since 2014, the annual number of China-Europe freight train trips from Yiwu has soared from just 23 in the beginning to over 1,100 this year. Annual cargo value has risen from 92 million U.S. dollars to 2.62 billion U.S. dollars, while the variety of transported goods has expanded from about 10,000 to nearly 50,000 categories.

"When the Yiwu-Madrid route of the China-Europe freight train service was launched, only one to two trains operated on it each month, and now around three to five trains run on the route every day," said Huang.

To date, the China-Europe freight train service has connected Yiwu with more than 160 cities in 50 countries and regions across Asia and Europe.

China-Europe freight train route connects small commodity hub Yiwu with world

China-Europe freight train route connects small commodity hub Yiwu with world

A senior U.S. official has indicated that Israel and Lebanon have reached a consensus on the terms of a ceasefire agreement to end the conflict between Israel and Hezbollah, U.S. news website AXIOS reported on Monday.

The ceasefire agreement reportedly includes a 60-day transitional period during which Israeli forces will withdraw from southern Lebanon. Concurrently, the Lebanese Armed Forces will deploy to areas near the border, and Hezbollah will relocate its heavy weaponry north of the Litani River.

The agreement also establishes a U.S.-led oversight committee to monitor the truce.

Multiple Israeli media outlets reported that Israel's national security cabinet is scheduled to convene on Tuesday to formally approve the ceasefire agreement with Hezbollah. Israel's Channel 12 reported that the text of the ceasefire agreement was finalized on Monday.

According to an exclusive report from MTV Lebanon on Monday, the Lebanese government has been informed of the ceasefire with Israel and a formal announcement is anticipated on Tuesday evening.

No official confirmation has been forthcoming from Israeli or Lebanese authorities.

White House National Security Communications Advisor John Kirby said on Monday that with involvement by the U.S. government, discussions toward securing the Israel-Hezbollah ceasefire were "constructive" and "the trajectory of this is going in a very positive direction."

Since Sept. 23, the Israeli army has intensified its air attack on Lebanon in an escalation of conflict with Hezbollah. Israel further initiated a ground operation across its northern border into Lebanon in early October.

U.S. believes Israel, Lebanon reach ceasefire deal on Israel-Hezbollah conflict: news website

U.S. believes Israel, Lebanon reach ceasefire deal on Israel-Hezbollah conflict: news website

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