LINE

Text:AAAPrint
Economy

Railway freight volume decline narrows in Q1 as economy warms

1
2016-04-28 08:43Xinhua Editor: Gu Liping

Railway freight volume continued to decline in the first quarter (Q1) of the year, but at a slightly slower pace, official data showed Wednesday.

Railways transported 791 million tonnes of cargo in the first three months, down 9 percent year on year, compared with a 9.4-percent decrease seen in the same period last year, according to figures from the National Development and Reform Commission.

The railway freight volume in March fell 6.4 percent to 274 million tonnes, an improvement over a 10.1-percent drop logged in March last year.

Dragged by a housing slowdown as well as softening domestic and global demand, China's economy continued to slow in Q1 -- 6.7 percent year on year -- following the 25-year low of 6.9 percent posted for 2015.

Thanks to a string of government measures since the beginning of this year -- including cuts to interest rates and taxes, efforts to reduce overcapacity and reforms to improve efficiency -- improvements have been seen; with exports and industrial profits returning to growth, manufacturing activity picking up and power-use accelerating.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.