Yingkou mulls European bids

Shanghai-listed Yingkou Port Co Ltd is moving to invest in European transportation companies and is determined to seek a bigger share in the China-European Union logistics market, its chairman said.

Chairman Li Hezhong told China Daily that the company has prepared to invest billions of yuan in bidding for one "key railway terminal" in Europe. But, he declined to reveal specific names of the target companies.

Yingkou Port is one of the country's major hubs linking China and Europe, with six direct international cargo train services opened since the central government launched the Belt and Road Initiative.