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Global Times: China-proposed BRI drives major infrastructure upgrades and fosters closer global connectivity

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BEIJING, Dec. 16, 2024 /PRNewswire/ — Sounding the horns, a ChinaEurope freight train loaded with electronic goods, light industrial items and more drew away from a train station in Southwest China’s Chongqing in early December. The train is headed for European countries including Germany and Hungary through the Trans-Caspian international transportation route in only a few days.

The train marks the official inauguration of a special rail express as part of the ChinaEurope freight train service starting from Chongqing to Europe, which is a multimodal transport corridor integrating rail and water transportation, Sun Ping, an official from China Railway Chengdu Group Co’s public affairs department, told the Global Times.

The corridor passes through Kazakhstan and the Caspian Sea, and ultimately reaches Europe via Turkey or across the Black Sea.

China has highlighted the construction of the Trans-Caspian international transportation corridor as one of eight major initiatives to support high-quality Belt and Road development. In July this year, heads of state from China and Kazakhstan jointly attended the opening ceremony of the Trans-Caspian international transportation route via a video link, Xinhua News Agency reported.

As part of the broader picture, the launch signifies an important development of the ChinaEurope freight train — a flagship service contributing to the China-proposed Belt and Road Initiative (BRI), as it opens up a new rail-sea trade route across the Eurasian continent, providing the landlocked countries in Central Asia with more opportunities to grow their economies.

This year marks the 11th year of the BRI, and the beginning of the second golden decade of that framework. According to industry observers, one of the most lauded outcomes of BRI development throughout the year is its contribution to boosting infrastructure and intercontinental connectivity.

Ever-closer connectivity

The ever-expanding ChinaEurope rail freight service offers a vivid manifestation of how BRI ramps up regional connectivity and facilitates trade and economic exchanges over the last 11 years. The service, marking its 100,000th train run in November, now connects with 227 cities scattered in 25 European countries and over 100 cities in 11 Asian countries.

“Over the past decade, the ChinaEurope freight trains have delivered 2.1 million types of Chinese-made commodities from Yiwu, a trading hub located in East China’s Zhejiang Province dubbed as the world’s supermarket, to BRI partner countries. Those goods include automobile and parts, photovoltaic products, machinery and other high value-added products. It also delivered over 100,000 types of commodities from over 100 countries, such as wines and medical devices from Europe to China,” Hu Xiaowei, a representative from China Railway Shanghai Group Co, told the Global Times.

According to Hu, this year, the signature BRI railway network has recorded continuous improvement, including improved efficiency, lowered running cost, fewer delays, in addition to adding new destinations, consolidating its role as a key pillar in ensuring smooth operation of international supply chains.

“The project demonstrates that China is joining hands with BRI partner countries to build a good path of prosperity, characterized by shared economic growth, complementary trade, and closer people-to-people connections,” Hu noted.

In recent years, global maritime links have significantly expanded under the enhanced BRI cooperation framework. For example, on the other side of the Pacific Ocean, Peru’s Chancay Port is set to serve a direct route to Shanghai which will operate two container ships a week, after the landmark BRI project in Latin America commenced trial operation on November 14.

Maya Majueran, director of Belt & Road Initiative in Sri Lanka, described the Chancay Port as one of the most strategic and meaningful advancements under BRI infrastructure connectivity in 2024.

“This groundbreaking connectivity initiative will significantly upgrade cargo movement between Chile, Ecuador, Colombia and Asia, forging critical links with China, Japan, South Korea as well as other Asia-Pacific countries,” Majueran told the Global Times on Wednesday, while highlighting that the port’s role as a key hub for trade between China and Peru.

In addition to Peruvian products, Brazilian soybeans, iron ore, and chilled meat, along with Colombian coffee and avocados, will also be transported to Asia through this new shipping route in the future, helping the Latin America region to tap into new opportunities brought by the Asia-Pacific economic integration, Majueran noted.

Network taking shape

This year also witnessed a number of new milestones across multiple regional connectivity projects which are part of the BRI, including the third anniversary of the China-Laos Railway operation, as well as the first year of operation of the Jakarta-Bandung High-Speed Railway.

Based on a framework comprising “six corridors, six routes, and multiple countries and ports,” a multi-tiered infrastructure network is now taking shape, according to a white paper released by China’s State Council Information Office. Analysts said the network is laying a solid foundation for broader cooperation among BRI partners, in addition to strengthening cultural and people-to-people exchanges among the peoples.

According to Majueran, China always places great emphasis on infrastructure development, recognizing it as the launch pad of economic take-off.

During the fourth symposium on Belt and Road construction work held this month, China said that ramped-up efforts should be made to create new space for win-win development at a higher level under the BRI framework, and with greater resilience and sustainability, Xinhua reported.

“Connectivity has been listed as a priority of BRI development…Enhanced connectivity and deeper economic cooperation are crucial to unlocking economic potential and fostering sustainable development throughout the Global South,” Majueran said.

Wirun Phichaiwongphakdee, director of the Thailand-China Research Center of the Belt and Road Initiative, told the Global Times on Thursday that the overarching transportation network under BRI embodies “the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit,” which holds significance against the backdrop of rising unilateralism and protectionism in the world.

“Looking ahead, the BRI will make greater contribution to building a global community of shared future and establishing a more just and reasonable international order,” the director noted.

 

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SOURCE Global Times

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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SOURCE Payzli

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