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China’s May railway freight posts fastest growth in 2018

Updated: Jun 23,2018 4:47 PM     Xinhua

BEIJING — The total volume of goods transported by China’s railways in May expanded at its fastest pace this year.

Railway freight increased 11.8 percent year-on-year to 339 million tons in May, accelerating sharply from 1.4-percent rise registered in April, according to data from the National Bureau of Statistics.

For the first five months this year, the volume of railway freight topped 1.6 billion tons, up 7.2 percent from one year earlier.

The railway system saw 1.3 billion passenger trips during the January-May period, up 6.5 percent year-on-year.

Fixed-asset investment in the railway sector totaled 199 billion yuan (about $31 billion) in the first five months, down 8.5 percent from one year earlier.