BRI to establish logistics system linking countries across globe: expert
The China-proposed Belt and Road Initiative (BRI) will set up a logistics system linking countries across the globe through the development of China Railway Express (CR Express), an effective measure for advancing global trade, said an expert.
CR Express has enabled China to shift from previously opening up eastward to opening up westward, said Wang Wei, Director-general of the Institute for Market Economy at the Development Research Center of the State Council.
“Through BRI development, it is of vital importance to establish a logistics system linking countries across the globe,” Wang noted. “This will not only ensure the stability of global industrial and supply chains, but also promote the smooth development of both domestic and international economic cycles, providing strong support for China’s new ‘dual circulation’ development pattern.”
In the future, the operation mode of the CR Express is expected to evolve from point-to-point to hub-to-hub, meaning that more cities in China will be transformed into major hubs for CR Express trains, Wang said, noting that such hubs will help to more effectively integrate goods from around the country and improve the quality of the freight trains’ operations.