China and Europe are getting closer and closer together when it comes to business...but nothing shows it more clearly than this: a mega railway project designed to connect Europe and China directly. Hungary is already helping in the planning.
European firms could miss out on China's $900 billion infrastructure initiative, warns a leaked report by EU diplomats. It said the New Silk Road trade corridor has the potential to disadvantage and even divide the bloc.
At the 16+1 summit in Hungary, China further expanded its influence in Eastern and Southeastern Europe. The EU is allowing Beijing to undermine the bloc, DW's Frank Sieren writes.
Europe's rail giants have joined forces with a Malaysian firm to bid for a train project connecting Malaysia and Singapore. Together, they want to take on Asian rivals like China's state-owned CRRC.
The first freight train linking China directly to the UK has arrived in the eastern Chinese city of Yiwu. It is part of China's drive to strengthen trade links with western Europe along a modern-day 'Silk Road.'
© 2018 Deutsche Welle |
Legal notice |
| Mobile version