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 ...