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past couple of years, and the country also constructed one of the biggest seaports in the Caspian Sea,” Hajiyev said, addi
ng all these are important pillars of the ancient Silk Road. Besides infrastructure construction such as transport
ation hubs, Azerbaijan is working on information communication technology lines to build a modern Silk Road.
The Baku-Tbilisi-Kars railway became operational on Oct 30, 2017, and aims to complete a tra
nsport corridor linking Azerbaijan to Turkey and Central Asia and China to Europe by rail. “It works as a majo
r exporter and middle corridor under the Belt and Road Initiative, and Azerbaijan is also working on the East-West l
ine and North-South Line, linking the railway systems of Iran and Russia.”Thanks to its geographic locatio
n, Azerbaijan boasts great wine as well as tea, dried fruit, fruit juice and sweets. The country has had extensive discus
sions about exporting Azerbaijan agricultural products to China, Hajiyev said, adding A
zerbaijani companies are actively taking part in food and agricultural exhibitions in China to promote t
heir products, as the Chinese market is the one of the biggest markets in the world with immense opportunities.
The city of Shanghai has become the first local government to answer the call of the central gove
rnment to promote automobile consumption by providing subsidies, since 10 mi
nistries and commissions of the country released six major methods of promoting car sales in January.
The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i
n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi
ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.
The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered
vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.
China’s automobile market saw a sales decline in 2018 for the first time
in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y
ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy
vehicles this year, the promotion of car consumption depends more on local governments and enterprises.