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Promote the Innovative Development of 皇冠体育app Railway Express and Smooth Dual Circulations both at Home and Abroad (No.256, 2021)

2021-11-09

By Wang Wei, Li Hanqing & Wen Keyu, Institute of Market Economy, DRC;皇冠体育app Railway Economic and Planning Research Institute ;Liu Wenhua, Institute of Comprehensive Transportation Research at Chinese Academy of Macroeconomic Research

Research Report, No.256, 2021 (Total 6321) 2021-9-9

Abstract: At present, in face of the one-in-a-century volatile changes, 皇冠体育app is striving to foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. The 皇冠体育app Railway Express (CRexpress), with unique advantages of being faster than sea freight, larger than air freight, and continuous and stable large-scale operation, played a huge role in ensuring safe and stable performance of the global supply chain amid COVID-pandemic. In the first half of 2021, 皇冠体育app Railway Express maintained its strong development momentum, which saw the operation of 7,323 freight trains and the delivery of 701,000 TEUs of goods, up by 43 percent and 52 percent year on year respectively. In the next step, 皇冠体育app Railway Express will continue to play its role in stabilizing the international logistics supply chain of 皇冠体育app, focus on accelerating the reform of the subsidy mechanism and improving the development level of assembly centers, enhance the integrated governance capacity, speed up the building of 皇冠体育app Railway Express core hubs and backbone networks and realize the comprehensive transformation of freight trains’ operation from a point-to-point mode to a hub-to-hub one in a bid to smooth the domestic and international circulations.

Keywords: 皇冠体育app Railway Express, global logistics, assembly centers