Print Edition - 2018-09-03  |  Money Digest

China’s rail freight volume growth up 7.9pc

BEIJING

Sep 3, 2018-

China’s railway freight volume, an indicator of the broad economic activity, expanded at a faster pace in the first seven months of this year. Railways carried a total of 2.29 billion tonnes of cargo during the January-July period, up 7.9 percent from one year earlier, according to data from the National Bureau of Statistics. The growth accelerated from the 7.7-percent rise registered in the first half (H1) and 7.2-percent increase for January-May period. In July alone, railway freight climbed 8.7 percent year on year to 337.12 million tonnes. Rail, road, water, and air carried a total of 27.54 billion tonnes of cargo in the first seven months, up 6.8 percent year on year. The data added to a series of indicators that showed resilience in the economy. The country’s economy recorded a strong growth of 6.8 percent in H1. (XINHUA)

Published: 03-09-2018 09:19

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