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Rail freight volume drops 6.3% in 8 months
Print Edition
CHINA’S national rail freight volume, an indicator of economic activity, declined in the first eight months of the year, the country’s top economic planner said yesterday.
Rail freight volume between January and August dropped 6.3 percent year on year to 2.1 billion tons, compared with a 3.2 percent rise in the first seven months, according to the National Development and Reform Commission.
In August, rail freight volume rose 0.1 percent year on year to 277 million tons, the commission said.
China’s economic growth held steady at 6.7 percent in the second quarter, still the lowest level since the 2009 global financial crisis but within the government’s target range for this year.
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