China boosts investment in Middle Corridor trade route to Europe
China is stepping up investment in the Middle Corridor, a multimodal trade route linking China with Europe through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and Turkey. The route is being promoted as an alternative to shipping lanes that pass through Russia and conflict-hit parts of West Asia. It combines rail, road and maritime transport and is drawing attention as companies look for faster and less exposed supply chains.The reported investment includes support for ports and logistics infrastructure along the Trans-Caspian International Transport Route, also known as the Middle Corridor. According to the supplied material, Chinese state-owned companies have invested hundreds... [Continue Reading]
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