'New Suez Canal'/ China begins construction of a trade corridor connecting it with Europe

The mountainous city of Chongqing in China has become an important hub for an overland trade route that some say could become the new Suez Canal.

The route is served by rail and is expected to become Asia's most important logistics hub.

Chinese media outlet South China Morning Post said the city has quickly emerged as a strategic fulcrum in China's trade network and its model, if it continues to succeed, could inspire the government to undertake similar investments in the west of the country.

Every day, the city handles hundreds of shipments, connecting Southeast Asian countries like Vietnam and Singapore with Europe, including Germany and Poland, using high-speed freight trains.

The overland delivery time is 10-20 days shorter than traditional sea routes and significantly simplifies customs issues. The launch of the ASEAN high-speed train in 2023 has reduced the transportation time between Hanoi and Chongqing to just five days, from which goods will reach Europe in less than two weeks./ CNA

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