Decline in rail freight slows last month
Print Edition
THE pace of decline in China’s national rail freight volume, an indicator of economic activity, narrowed in April as the economy showed signs of stabilization, according to official data released yesterday.
Railways carried 260 million tons of cargo in the month, down 4.5 percent year on year, the mildest decline since the start of 2015, the ministry of transport said.
Freight volume for the first four months fell 7.9 percent year on year, compared with a 9 percent drop in the first quarter, it said.
In April, the combined freight carried by railways, highways and waterways rose 3.4 percent to 3.6 billion tons, faster than the 2.1 percent rise seen in the first quarter, it said.
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