BUSINESS China's road cargo transport grows in Jan-May

BUSINESS

China's road cargo transport grows in Jan-May

Xinhua

15:15, June 24, 2019

Photo taken on April 16, 2018 shows cargo containers of China Railway Express at Duisburg Intermodal Terminal in Duisburg, western Germany. (Photo: Xinhua)

BEIJING - China's road cargo transport saw steady growth in the first five months of the year, official data showed.

Road cargo volume increased 5.8 percent year-on-year to 15.42 billion tonnes in the January-May period, the Ministry of Transport said in a statement.

Shanxi province registered the fastest growth, with a growth rate of 14.1 percent, followed by Henan, Fujian and Inner Mongolia Autonomous Region.

Highway cargo volume increased 9.2 percent year-on-year in the period, according to the ministry.

Fixed asset investment in road transport rose 4.5 percent to 711.46 billion yuan ($103.4 billion) between January and May, the ministry added.

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