BEIJING – Official data show that in the first two months of this year, China’s rail freight volume was an indicator of economic activity, rising by 3.3%.
According to the National Bureau of Statistics, the country’s railways carried a total of 66.25 million tons of cargo between January and February.
In February alone, rail freight volume decreased by 2.2% year-on-year to 297.69 million tons.
However, due to the tourism boom during the Spring Festival, China’s Lunar New Year, railway passenger traffic increased by 11.6% year-on-year, and the first two months increased by 13.4%.
Data from other indicators, including industrial production, retail sales and fixed asset investment, show that the country’s economic growth has remained stable for the first two months.
