April 25, 2018 – The European Union and China officially launched the three-year long second phase of their emissions trading co-operation programme. In this programme, the EU provides funding amounting to €10 million in an effort to help the world’s top emitting nation to develop and launch its national cap-and-trade system. The first phase, which ended last year, was focused on supporting the development of the pilot emissions trading schemes.
Ministry of Transport releases action plan to strengthen multimodal freight transport
On 29 September 2026, the Ministry of Transport, together with 11 other government departments and the China State Railway Group, issued the “Action Plan for Promoting High-Quality Development of Multimodal Transport and Optimizing the Transport Structure” (2026–2030). By 2030, the plan aims to improve links between railways, ports, inland terminals, logistics parks and industrial zones, strengthening multimodal freight services. Targets include an 80% railway connection rate in multimodal transport areas at coastal ports and more than 90% of freight transfers at key hubs completed within one hour. It also promotes shifts of suitable bulk freight from road to rail and water. For key industries, the plan targets an 85% share of clean transport.