Slow start for China’s ‘One Belt’ rail freight strategy with lack of return cargo

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There have been mixed reports about the success of the China-Europe rail service, and this SCMP article is one of the more negative viewpoints. While forwarders and shippers have been extolling the virtues of the service ? it’s speed versus ocean and its price versus air  ? its big failing is the one-way traffic, which increases the cost of China’s goods. China’s European imports tend to be mechanical equipment and precision instruments, not commodities which have embraced rail freight as ...