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If there is one thing we learnt during the pandemic, it is that the success of the New Silk Road does not rely on the Chinese subsidies, or any other subsidies for that matter. The subsidies are not important anymore, was a conclusion drawn by high-level experts at the RailFreight Summit Poland, which was concluded last week. Whereas the phase-out of Chinese subsidies was a major concern of companies on the New Silk Road two years ago, the matter was debated with much more confidence this year. The pandemic has played a major role here: the rates of rail are attractive, and the volumes enormous. But even post-corona, the New Silk Road can do without subsidies, ...
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