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Canton Fair maps out China's new trade routes

2014-October-18       Source: Xinhuanet.com

Among the busiest booths at Canton Fair, China's largest trade fair, is one advertising two freight trains running along roughly the same routes as the ancient Silk Road.


For Chinese exporters, another boost may come from promotion of the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road," initiatives proposed by Chinese President Xi Jinping last year to promote cooperation between China and its neighboring countries.

Covering many of China's promising trading partners such as Central Asia, Russia, Africa and the ASEAN countries, the "One Belt, One Road" project has promised to improve road, railway and shipping connections, which exhibitors said are vital to their exports to these regions.

"Sometimes it takes 45 days for a parcel to arrive in Russia and the European markets from China's Guangdong. The improved logistics and quicker customs clearance will definitely shorten the time and benefit consumers," said Li Wenyu, vice head of the China-Russia Trade Promotion Association.

"The 'One Belt, One Road' will offer precious opportunities for Chinese companies as they set out," he said.

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Editor: 王凯

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