LINE

    Text:AAAPrint
    Economy

    Business fleet boosts overland trade on China-Pakistan Economic Corridor

    1
    2016-11-16 14:46Xinhua Editor: Mo Hong'e ECNS App Download

    A fleet of container cars arrived at Gwadar Port Saturday, the southern end of the China-Pakistan Economic Corridor (CPEC), the first arrival since the CPEC project was launched in 2013.

    The 31-car fleet, carrying construction materials and mechanical equipment, departed from Kashgar, Xinjiang Uygur Autonomous Region, on Oct. 29.

    It left China on a 3,115-kilometer journey through the Khunjerab Pass and crossed the Karakorum and Hindu Kush ranges in western Pakistan before its final stretch across the Arabian Sea.

    According to the customs office in the regional capital Urumqi, the fleet stopped in major cities and posts along the CPEC such as Islamabad and Sost Port in Pakistan. In addition to cargo delivery, research was also conducted on the condition of roads, transportation costs and local customs and practices.

    Chinese Ambassador to Pakistan Sun Weidong told those gathered at a celebration event Sunday that the inaugural trip proved the corridor to be a successful multi-function channel between the two countries.

    Thanks to the rapid development of the CPEC, the trial crossing succeeded, which would boost cross-border multimodal transportation between China and Pakistan, said Yuan Jianmin from the Xinjiang branch of Sinotrans & CSC Holdings Co., a major logistics firm in China.

    With financial backing of 46 billion U.S. dollars and scores of infrastructure projects, the ongoing construction of the CPEC is one of the largest endeavors now taking place in the world.

    Roads, energy projects and industrial parks in the pipelines, not to mention Gwadar Port, the corridor will satisfy Pakistan's immediate needs and help the south Asian country get back on its feet after years of terrorist campaigns wrecked its economy.

    The CPEC project is going well on the whole and the completed part is bringing tangible benefits to local people, Sun told Xinhua in an earlier interview.

    According to Cao Lei, chief of Khunjerab Pass, exports of cement, steel and mechanical equipment to Pakistan have grown substantially in recent years as Chinese companies contracted more assistance projects of hydropower, water conservation, energy and transportation infrastructure in Pakistan under the framework of CPEC.

    The volume of transported goods through the pass exceeded 20,000 tonnes in the first three quarters, indicating trade recovery after a severe earthquake cut the only land channel between the two countries in 2010.

    During the celebration, a freighter belong to China's container company COSCO began its maiden voyage from Gwadar Port to the UAE. It was the first time the port saw export containers head overseas. The port is now a fixed docking station for the freighter.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 泰来县| 莒南县| 利津县| 红安县| 栖霞市| 永福县| 喀什市| 行唐县| 兰考县| 鹤峰县| 简阳市| 广南县| 儋州市| 钦州市| 德化县| 五大连池市| 中山市| 庐江县| 黑山县| 吉隆县| 那坡县| 东宁县| 台中县| 赤壁市| 大石桥市| 靖边县| 双鸭山市| 广德县| 佛山市| 隆林| 招远市| 红河县| 南投市| 林西县| 辽中县| 禹州市| 宜都市| 崇左市| 宁远县| 思南县| 堆龙德庆县|