China's rail freight transport up 3.6% in H1

Time:2020-07-14 11:30:33      Source:ChinaDaily.com
China's rail freight transport volume, an indicator of broad economic activity, rose 3.6 percent year-on-year in the first half of the year, a sign of recovery from the COVID-19 shock, official data showed Saturday.
 
The country's State-operated railways carried 1.69 billion tons of cargo in the first six months, the China State Railway Group Co Ltd said.
 
During the January-June period, revenues from the rail freight transport dipped 4.2 percent from the previous year to 187.7 billion yuan (about $26.9 billion).
 
In June alone, the average daily rail freight volume exceeded 10 million tons, the highest daily average level in a month since the beginning of this year, the company said.
 
State-operated railways handle the majority of the country's rail freight traffic. Apart from state-operated railways, China also has rail lines operated by local governments and enterprises.
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