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Showing posts from May, 2022

the "Friend Circle" of China-Europe Railway Express Getting Wider and Wider

Relying on the land bridge, the China-Europe freight train was born on the land. With the joint efforts of the countries along the route, it has formed a resilient international logistics supply chain, opened a new chapter in the development of Asia-Europe cooperation, and has become an international logistics brand with strong radiation, driving force and influence. Up to now, China-Europe freight trains have operated a total of 54,000 trains, transporting 4.67 million TEUs of goods, reaching 185 cities in 23 European countries, and the logistics service network covering the entire Eurasian continent, becoming an international public logistics product widely recognized by countries along the route. 1. Remarkable achievements have been made in the development of China-Europe freight trains (1) The number of open banks has grown steadily. Since its inception, the China-Europe freight train has developed rapidly, and the number of trains has continued to reach a new level, from 80 trains...

Steadily increase the weight of RMB SDR and promote the creation of digital version of SDR

The Executive Board of the International Monetary Fund (IMF) recently completed the five-yearly review of the valuation of the Special Drawing Rights (SDR), and unanimously decided to maintain the current SDR basket of currencies, which is still composed of the US dollar, the euro, the Chinese yuan, and the Japanese currency. It is composed of the yuan and the pound, and the weight of the yuan is raised from 10.92% to 12.28%. The new SDR currency basket will come into effect on August 1 this year. At present, the weight of the RMB in the SDR remains in third place. "As the world's second largest economy, the weight of the RMB in the SDR has increased, which not only helps to enhance the international status of the RMB, but also further enhances the status of the SDR in the international monetary system." Liang Haiming, Dean  of the Belt and Road Research Institute of Hainan University, believes that "In the long run, the IMF's move can increase the supply of saf...