Import-export Flow Chart...
General trade refers to the import or export of goods by enterprises in China with import-export rights....
Processing trade refers to the business activity of importing all or part of the raw and auxiliary materials, parts and components, accessories, and packaging materials from abroad in bond, and re-exp...
The BRI-backed China-Laos Railway Project has been designated as a priority under the terms of the nation's Eighth Five Year Plan.
Trains on the line will travel at an estimated speed of between 160-200km/h, making it Laos' longest and fastest railway.
It currently takes more than 30 days to transport goods from Thailand to the coastal provinces of China by sea. Once the China-Laos Railway is up and running, the entire process can be cut to less than 24 hours.
The cost of the railway has been estimated at in excess of $7.2 billion – more than half of Laos' annual GDP. It will primarily be met by the Export-Import Bank of China.
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