BUSINESS Railway freight volume reflects China's economic recovery

BUSINESS

Railway freight volume reflects China's economic recovery

China Daily

13:12, July 28, 2020

A China-Europe freight train bound for Almaty, Kazakhstan sets out from Urumqi, Xinjiang Uygur autonomous region, on May 25, 2019. (Photo: xjdaily.com)

The railway freight volume reflects China's economic recovery with a number of indicators setting new records, Sina Finance reported on Tuesday.

Despite challenges and great pressure, China's railway freight has continued to inject strong momentum into the country's epidemic prevention and control as well as economic and social development.

In the first half of this year, the country's railways loaded 152,600 vehicles per day, up 3.4 percent over the same period last year.

The number of loaded and unloaded vehicles in one single day respectively reached 170,867 and 183,971, both setting new historical records.

The cargo delivery volume, which is known as a barometer of macroeconomic operations, cumulatively moved a total of 1.69 billion tons, an increase of 3.6 percent year-on-year.

The average daily cargo delivery volume in June exceeded 10 million tons, setting a new high record for the monthly average of daily cargo delivery volume this year.

The steady recovery in railway freight volume is related to the resumption of work and production of enterprises. Rail freight is an important barometer of the economy, and the increase in volume indicates that China's economy is picking up, said Zhang Xiaodong, vice-president of the China Society of Logistics.

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