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China, UAE expect closer economic cooperation under B&R Initiative — July 23, 2018

China, UAE expect closer economic cooperation under B&R Initiative

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

rail - Ankara, Turkey

ABU DHABI, Jul 23 (FAM) – An economic forum on the business opportunities between the United Arab Emirates (UAE) and China was held Friday evening in the UAE’s capital Abu Dhabi, as part of Chinese President Xi Jinping’s state visit to the Arab country.

The UAE-China Economic Forum, co-hosted by China’s Ministry of Commerce and the UAE’s Ministry of Economy, was attended by 450 officials and business representatives from the two countries, including Chinese Minister of Commerce Zhong Shan and UAE’s Economy Minister Sultan Bin Saeed Al Mansoori.

 

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Deal to supply locomotives to Germany speeds up CRRC unit’s planet-wide push —

Deal to supply locomotives to Germany speeds up CRRC unit’s planet-wide push

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

HUNAN, Jul 23 (FAM) – “German trains always run on time” – that old saying may soon be modified in the digital era to “Made-in-China trains in Germany always run on time”.

Hunan-based CRRC Zhuzhou Locomotive Co Ltd studied Germany’s obsession with precision, strict schedules and technical finesse before sealing in late June a deal with Deutsche Bahn to export 20 hybrid shunting locomotives.

 

China, Senegal sign Belt and Road cooperation document —

China, Senegal sign Belt and Road cooperation document

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

DAKAR, Jul 23 (FAM) – Chinese President Xi Jinping welcomed Senegal as the first West African country to sign a Belt and Road cooperation document with China during his state visit on Saturday, with Chinese experts hailing the development as a milestone to kick-start a new era of China-Africa friendship as well as inject new impetus in the region’s sustainable development.

Xi arrived in Dakar, capital and the largest city of Senegal for a first state visit by a Chinese head of state in nine years, the Xinhua News Agency reported.

 

S. Korea-China containers grows minutely in H1 —

S. Korea-China containers grows minutely in H1

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BEIJING, Jul 23 (FAM) – The combined volume of local and feeder containers traded between South Korea and China remained nearly unchanged from a year earlier in the first half (January-June), growing a minute 0.96% to 1,437,124 TEUs, according to the Yellow Sea Liner Shipping Council (YSLSC).

Local shipments increased 0.82% to 1,353,460 TEUs, while feeder containers were more brisk, rising 3.27% to 83,664 TEUs. It is analyzed that underlying factors included the retaliatory actions that China had taken against South Korea for introducing the THHAD missile defense system, and enhancements in Beijing’s import bans on metal scrap, waste plastic, waste paper and other commodities.

 

 

Asia-Europe rate down 2.2% to US$863/TEU —

Asia-Europe rate down 2.2% to US$863/TEU

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

SHANGHAI, Jul 23 (FAM) – Spot rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 2.2 per cent to US$863 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade fell two per cent to $869 per TEU. Asia to the US west coast declined 4.1 per cent to $1,616 per FEU while those to the east coast down 2.2 per cent to $2,650 per FEU.

 

Belt and Road Initiative China’s gift to world: UAE minister —

Belt and Road Initiative China’s gift to world: UAE minister

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

DB Schenker rail29-Edited

ABU DHABI, Jul 21 (FAM) – The Belt and Road Initiative is “China’s gift to the world,” said United Arab Emirates (UAE) Minister of Economy Sultan Bin Saeed Al Mansouri on Friday on the occasion of the three-day visit by Chinese President Xi Jinping.

The initiative, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which aim at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.

 

 

 

China, UAE to boost Belt and Road cooperation —

China, UAE to boost Belt and Road cooperation

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

ABU DHABI, Jul 21 (FAM) – China and the United Arab Emirates (UAE) on Friday pledged to boost bilateral cooperation under the framework of the Belt and Road Initiative as they agreed to lift bilateral relations to a comprehensive strategic partnership.

In a declaration on upgrading their ties issued during Chinese President Xi Jinping’s state visit, the two nations said they are willing to establish a sustainable trade and investment partnership to achieve their common interests.

 

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