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Overland rail connections between Europe and China have flourished since 2010. The dominant routes through Russia have been disrupted by the Ukraine war and subsequent sanctions. A major alternative route through the Caucasus and Central Asia has been supported by the EU and China. My presentation will review the economics of the Middle Corridor, its development since 2022, and its prospects, arguing that the route is sustainable and will continue to attract business after the Ukraine war. EU-PRC cooperation on the Middle Corridor has wider implications. The EU officially characterizes China as a partner for cooperation, an economic competitor, and a systemic rival. European debates often focus on the last two elements but, in the uncertainty of Ukraine war outcomes, the first element may become more attractive..