BUDAPEST Cheap New Balance 574 , June 16 (Xinhua) -- After traveling about 10,000 kilometers, the first freight train from Changsha, China to Budapest arrived at the Budapest Intermodal Logistic Center on Friday.
It departed from Changsha on May 27, and passed an corridor through Russia and Ukraine. The train carried 41 containers of electronic products, shoes and apparel, fiber optic cable, hardware and machinery parts.
Zhou Xinjian New Balance 574 Shoes , economic and commercial counselor of the Chinese Embassy in Hungary, told Xinhua that the trade between the two countries reached more than 9 billion U.S. dollars last year, and was expected to exceed 10 billion U.S.dollars this year.
"In this case, China's freight trains continue to come to Hungary, delivering Chinese goods to Hungary and the Central and Eastern European countries, also promoting economic and trade cooperation between the two countries," he underlined.
Friday's train passed less countries, took less time New Balance 574 Red , so it is a better choice for Chinese goods and exporters, Zhou added. The freight train service will operate once a week for one-way at the initial stage.
Besides the above mentioned rail links in the north, China and Hungary are also connected in the south by the China-Europe Land-Sea express line.
In the future, besides the rails and sea links, Chinese and Hungarian cities and provinces are also looking up at the sky.
"Chinese and Hungarian provinces and cities are negotiating for direct air freight service, and good results are expected, so at that time Chinese goods will come to Hungary by land, sea and air. Hungary will become a distribution center for Chinese goods in Central and Eastern Europe New Balance 574 Yellow ," Zhou explained to Xinhua.
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ROME, Feb. 6 (Xinhua) -- World prices fell slightly in January, the United Nations Food and Agriculture Organization (FAO) said Thursday, its first fall in three months.
The FAO said that falling prices for rice and other cereals and grains, along with lower prices for sugars, oils New Balance 574 Blue , and meat offset a rise in dairy prices. Overall, the index averaged 203.4 points in January, down 1.3 percent compared to December.
The index had been mostly flat for the previous three months, but was lower for 2013 as a whole.
But FAO said the relative stability of the index's overall stability masked volatility in specific commodity groups, with dairy prices -- the most volatile category in 2013 -- rising nearly 5 percent over the last two months, including a 1.3 percent jump in January.
Strong harvests and stable demand from major consumers like China, Thailand, and Indonesia helped push prices for rice and other cereals and grains down 1.3 percent in January. Meats (down 1 percent) and oils and fats (down 3.8 percent) were also lower New Balance 574 Black , but the biggest mover was for sugars -- the smallest component in the index -- which saw prices fall 5.6 percent in January.
The FAO's World Food Outlook is based on a basket of 55 goods and 73 price quotations in five major food commodity groups.
The next installment of the FAO World Food Price Index will be released March 6.
An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States, on Feb. 5, 2018. U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent, as the market took a heavy hit from panic sales. (XinhuaWang Ying)
NEW YORK, Feb. 5 (Xinhua) -- U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent New Balance 574 Sale , as the market took a heavy hit from panic sales.
The Dow Jones Industrial Average dropped 1,175.21 points, or 4.60 percent, to 24,345.75. The S&P 500 slumped 113.19 points, or 4.10 percent, to 2,648.94. The Nasdaq Composite Index sank 273.42 points New Balance 574 Sport , or 3.78 percent, to 6,967.53.
Monday's rout extended a steep sell-off from the previous session. On Friday, U.S. stocks plunged, with the Dow slumping over 650 points, as investors worried that the Federal Reserve may hike rates on a faster pace after an upbeat jobs report.
U.S. total nonfarm payroll employment increased by 200,000 in January, beating market consensus New Balance 574 , and the unemployment rate stayed unchanged at 4.1 percent, the Labor Department reported Friday.
Analysts said the market is now thinking about the possibility of the Fed raising interest rates four times this year, after the central bank in December suggested three more increases in 2018.
Investor sentiment was also dampened by a global rout in stock markets. Most European and Asian equity markets finished sharply lower Monday, with Japanese stocks suffering their biggest one-day drop since Nov. 9, 2016.
On the economic front, the ISM Non-Manufacturing Index registered 59.9 percent in January, 3.9 percentage points higher than the seasonally adjusted December reading and beating market consensus of 56.2, the Institute for Supply Management (ISM) said Monday.
Meanwhile, the seasonally adjusted final IHS Markit U.S. Services Business Activity Index registered 53.3 in January, in line with market expectations.
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