Personal Finance
Cheaper European Goods in the Pipeline?
By Investment Stab  •  April 28, 2016

Singapore and China are working together on their third initiative together: Euro-Sino-Singapore Route!
Chong Qing (China) is working with Singapore to create a new freight line which will reduce the cost of transportation between Singapore and Germany by 60%.
Previously, European goods are mostly transported to Asia countries via air freight, which are 5 times more costly than rail freight!

How the Freight will Work:
1) European goods reaches Germany
2) Goods are loaded onto trains in Germany
3) Goods will travel by train to Chong Qing, China in approximately 12 days via Yuxinou Rail
4) Goods will then be sent to countries within 4 to 5 hours flight from Chong Qing (yes, by planes)

Benefits:
1) China and other Asia countries (Singapore, Hong Kong, Bangkok etc) will have access to cheaper European goods because cost of transporting them has fallen significantly.
2) This benefit works both ways: Asia goods ...

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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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