Since 2011 regular freight rail services have been established between the European Union and China. This article analyses the development of these links – the Eurasian Landbridge – and argues that its origins were market-driven in response to demands of lead firms in Eurasian value chains....

The results highlight the conflicting interests of countries - to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange rate...