BUSINESS China's road freight volume grows in January

BUSINESS

China's road freight volume grows in January

Xinhua

14:23, February 23, 2019

BEIJING, Feb. 23 (Xinhua) - China's road freight transport registered a steady growth last month, according to official data.

Road freight volume increased 6.3 percent year on year to 3.19 billion tonnes in January, the Ministry of Transport said in a statement.

Ningxia Hui Autonomous Region saw the fastest growth in the index with a growth rate of 18 percent, followed by Hebei and Henan province.

Specifically, highway freight volume increased 10.6 percent year on year in the month, while waterway freight volume saw a 9.4-percent rise.

Fixed asset investment in road and waterway transport rose 9.2 percent to 128 billion yuan (about 19.06 billion U.S. dollars) in January, the ministry added.

The data, added to a series of indicators, show resilience in the economy.

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