China's rail freight transport up 3.6% in H1

Economy

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.

XinhuaUpdated: July 13, 2020

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.

Aerial photo taken on Feb. 19, 2020 shows a view of the Chengdu International Railway Port in Chengdu, capital of southwest China's Sichuan province. [Photo/Xinhua]

The country's state-operated railways carried 1.69 billion tonnes 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 US$26.9 billion).

In June alone, the average daily rail freight volume exceeded 10 million tonnes, 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.