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Zhengzhou aims to take a bigger slice of US$600 billion China-Europe trade
Zhengzhou, the capital of Henan province in central China, where one in seven cell phones is made including the IPhone and the Huawei smart phone, is striving to tap into the lucrative US$600 billion trade between China and Europe with its booming air cargo network linking the city to Luxembourg.
Cargo volume since the beginning of the year through the route exceeded 50,000 tonnes earlier this week, surpassing the total a month ahead of expectation with the cell phones accounting for a big share of the cargo.
Zhengzhou was approved as the nation's first air economic zone by the State Council two years ago and since then, it has put international trade as a top priority. The city currently has more than 20 international cargo routes, linking Zhengzhou with Asia, Europe, the United States and Australia, reports Xinhua News Agency.
Cargolux Airlines International operates 13 flights a week between Luxembourg and Zhengzhou, serving more than 10 provinces in China and most part of Europe.
To promote Zhengzhou and Luxembourg hubs for the China-Europe trade, Henan Civil Aviation Development & Investment, a company owned by the Henan government, purchased 35 per cent of the stocks in Cargolux in April last year.
With the national strategy of Belt and Road Initiative boosting cooperation between China and Europe, Henan hopes to make the air cargo route a crucial link between China and its biggest trade partner.
The two sides hope that the annual volume of the Zhengzhou-Luxembourg air route can reach 200,000 tonnes within several years. To achieve this goal, Henan needs to build a ground network for the air hub.
Cargolux Airlines International and Henan Civil Aviation Development & Investment set up an import company in Luxembourg to make sure that European goods can arrive smoothly at many stores in Henan that are owned by the two companies and dedicated to providing European goods.
The two companies also launched a joint ventures in June, aiming to build a global air cargo provider with Zhengzhou as its centre.
Cargo volume since the beginning of the year through the route exceeded 50,000 tonnes earlier this week, surpassing the total a month ahead of expectation with the cell phones accounting for a big share of the cargo.
Zhengzhou was approved as the nation's first air economic zone by the State Council two years ago and since then, it has put international trade as a top priority. The city currently has more than 20 international cargo routes, linking Zhengzhou with Asia, Europe, the United States and Australia, reports Xinhua News Agency.
Cargolux Airlines International operates 13 flights a week between Luxembourg and Zhengzhou, serving more than 10 provinces in China and most part of Europe.
To promote Zhengzhou and Luxembourg hubs for the China-Europe trade, Henan Civil Aviation Development & Investment, a company owned by the Henan government, purchased 35 per cent of the stocks in Cargolux in April last year.
With the national strategy of Belt and Road Initiative boosting cooperation between China and Europe, Henan hopes to make the air cargo route a crucial link between China and its biggest trade partner.
The two sides hope that the annual volume of the Zhengzhou-Luxembourg air route can reach 200,000 tonnes within several years. To achieve this goal, Henan needs to build a ground network for the air hub.
Cargolux Airlines International and Henan Civil Aviation Development & Investment set up an import company in Luxembourg to make sure that European goods can arrive smoothly at many stores in Henan that are owned by the two companies and dedicated to providing European goods.
The two companies also launched a joint ventures in June, aiming to build a global air cargo provider with Zhengzhou as its centre.
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