Kazakhstan to increase cargo transit on China-Europe route | glObserver Global Economics


Kazakhstan Temir Zholy national railways company plans to transit 42,000 containers on the China-Europe-China route, and this figure is almost 40 times additional than in 2011. This remark was made by company President Askar Mamin at a conference dedicated to the Transport Workers’ Day on August 3.

Sourced through Scoop.it from: globserver.cn

China emerged as a major economic player in Central Asia, driving billions into promoting Chinese-Central Asian trade. According to International Monetary Fund estimates, these investments reached $50 billion last year.

The trade volume between Europe and China is expected to reach $1 trillion by 2020, as the necessary transport infrastructure is being created in Kazakhstan, which is an active part of China’s multibillion-dollar Silk Road project.

See on Scoop.itglObserver Asia

Author: globserver

Director of Eyecom china

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