From Yiwu to London
Top business and technology news for January 19, 2017. Part of the daily SupChina news roundup "China might not buy your hotel, casino, or soccer club."
First freight train from China to Britain arrives in London / Reuters
The first train to travel all the way to Britain from China arrived in London on Wednesday after a 7,500-mile journey from the trading city of Yiwu. The journey took 18 days, about half the time an ocean carrier would need to complete the trip. The train brought in mostly household items, including clothes, fabrics, bags, and suitcases. London is the 15th European city to have a direct rail link with China. Although this journey was largely symbolic, it represents China’s ambitions to build a transcontinental network that will make the “One Belt, One Road” initiative into something much more substantial than a mere slogan.
- China is America’s ‘vendor,’ and needs to treat its biggest customer better, Trump’s commerce pick says / Quartz
- China says can resolve trade disputes with new U.S. government / Reuters
- Stemming the tide: Six things China can do next to curb outflows / Bloomberg
- China state banks offer funds in bid to cool fierce liquidity squeeze, yuan dips / Reuters
- Dalian: This city is a booming microcosm of China’s new economy / Bloomberg
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