China’s railway freight volume declines 11.4%
Print Edition
CHINA’S railway freight volume, a key sign of economic activity, fell in the first three quarters of 2015, the top economic planner said yesterday.
The railways carried 2.53 billion tons of cargo from January to September, down 11.4 percent year on year, compared with a fall of 10.9 percent in the first eight months, and a 10.1 percent drop in the first half, the National Development and Reform Commission said.
In September, railways carried 270 million tons of cargo, down 15.6 percent year on year.
The decline came as China’s factory activity fell in September, the fourth time this year.
China’s official Purchasing Managers’ Index was at 49.8 in September. A reading above 50 signals expansion, while that below 50 marks contraction.
The economy grew 6.9 percent year on year in the third quarter, below 7 percent in the first half of the year.
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