Will the freight volume of China Europe railway steadily increase in 2020

China EU railway freight transport is a derivative of China's "the Belt and Road" strategy in 2013 and a link between China and countries along the "the Belt and Road". Both companies can trade goods through this railway, improving the convenience of economic exchanges. After 6 years of development, the infrastructure construction along the route has basically matured. As expected, the freight volume of the China Europe railway will steadily increase this year, driving domestic commodity exports.

According to the plan of the China National Development and Reform Commission, the number of freight trains on the China Europe Railway will reach 5000 by 2020, an increase of 3200 compared to 2016. Zhou Shulin, chairman of the board of supervisors of China's international logistics enterprise Yuxin Europe, said that in order to achieve the goal of stable growth of freight transport, China not only needs to export more goods to European countries, but also needs to help the economic development of countries along the "the Belt and Road" and promote bilateral trade. Currently, China's exports through the China Europe Railway mainly include electronic products, automobiles and their supporting products, mechanical products, food and clothing, and more types of goods need to be exported.

This year's international economic situation presents a great challenge and opportunity for China Europe railway freight transportation. Affected by the COVID-19, the economies of European countries could not return to normal, and their market purchasing power declined sharply, leading to the reduction of China's export volume. China's COVID-19 has been effectively controlled, and domestic enterprises have also resumed normal production. It can be said that China's production and manufacturing power has not been affected. The COVID-19 is also a new opportunity for the development of Chinese enterprises. We can produce goods that European countries need and cannot produce. This is a good opportunity for China Europe railway freight transportation, and also an important factor in the stable growth of its cargo volume.