China’s rail network hectic in August
October 17, 2013 Category Logistics, Railway transport
Daily cargo transported on China’s railways rose 4.4% year-on-year in August due to the economy warming up, official data showed. The volume is the highest since April and the year-on-year growth rate is the highest since 2012, a report from the state-owned China Railway Corporation said. On a daily basis, 133,018 carriages were loaded in August, up 2,826 from July. China’s economic growth slowed to 7.6% in the first six months, the weakest first-half performance in three years, but above the country’s annual target of 7.5%. The National Bureau of Statistics (NBS) in early September revised the country’s growth rate for 2012 down to 7.7% from 7.8%.
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