News Snapshot:
The Ukraine war has stretched past a month, and its negative impact is spreading to China’s external trade. The China Railway Express (CRE), also known as the China-Europe Railway Express, has recently recorded a sharp drop in rail freight volume passing through Russia and Ukraine. The inaugural train for the CRE departed from Chongqing on the Chongqing-Xinjiang-Europe Railway in March 2011. Traversing Eurasia, the CRE later became an important part of China’s Belt and Road Initiative (BRI) , which was launched in 2013. The CRE is mainly divided into the northern, central and southern routes, and they depart China from...