New index shows land-sea trade corridor growing steadily
Xinhua
23 May 2021, 02:05 GMT+10
CHONGQING, May 22 (Xinhua) Development of the New International Land-Sea Trade Corridor, a trade and logistics passage jointly built by Singapore and provincial-level regions of western China, is enjoying good momentum of growth, according to a new index. The index, which measures the development of the corridor, was released on Friday at the third Western China International Fair for Investment and Trade in southwest China s Chongqing Municipality. The reading stood at 101.5 in the first quarter. A reading above 100 reflects an upward trend in the corridor s development, while a reading below 100 indicates dented vitality.
New index shows land-sea trade corridor growing steadily - Buz & Tech News
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2021-05-21 17:05:18 GMT2021-05-22 01:05:18(Beijing Time) Xinhua English
CHONGQING, May 21 (Xinhua) Countries along the New International Land-Sea Trade Corridor and 14 Chinese provinces, autonomous regions and cities jointly released a cooperation initiative at a trade and investment fair in southwest China s Chongqing Municipality Friday.
The cooperation initiative was issued by Indonesia, Vietnam, Laos and other countries along the trade corridor with 12 provincial-level regions of western China, the southern island province Hainan, and Zhanjiang city in the Guangdong Province, at the ongoing third Western China International Fair for Investment and Trade, or the WCIFIT.
The parties should mobilize their strengths to facilitate trade, promote investment, improve industrial chains, optimize supply chains, enhance value chains, and facilitate high-standard regional economic integration, the initiative said.