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Tuesday, January 3, 2017
CHINA MOVES FIRST CARGO TRAIN TO LONDON
This cargo is volume that will not move on container lines where supply exceeds demand.
China on Sunday flagged off the first freight train to London in a bid to expand its massive rail network to different regions of the world. The Chinese government is hoping that enormous expansion of its rail network will help improve dwindling exports and stabilize the downturn in the long run.
The government is hoping that through investment in infrastructure and announcement of stimulus packages, the economy will stage a steady recovery in the coming months. However, economists claimed that government's extensive spending has drastically increased the country's fiscal deficit.