BUSINESS China's freight volume rises faster in H1

BUSINESS

China's freight volume rises faster in H1

CGTN

07:01, July 30, 2018

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(Photo: CGTN)

China's freight volume grew faster in the first six months of 2018, official data showed.

Railways, highways, waterways and airways carried a total of 23.2 billion metric tons of cargo in January-June, up 6.9 percent year-on-year, according to data from the Ministry of Transport.

Railway cargo went up 7.7 percent to 2 billion metric tons while highway freight volume also increased by 7.7 percent to 18 billion metric tons, the ministry said.

In the first half of this year, cargo throughput at China's major ports edged up 2.4 percent year-on-year to 6.5 billion metric tons. Cargo throughput for foreign trade grew faster, rising by 2.9 percent year-on-year.

China will attempt to increase its railway freight volume by 30 percent, or 1.1 billion metric tons, from 2017 to 2020, while waterborne freight is expected to rise by 7.5 percent, or 500 million metric tons.

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