Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Economy

China's freight volume continues rapid growth in October

December 05, 2018


Abstract : China's freight volume grew 9.5 percent year on year to stand at 4.62 billion tonnes in October, according to official data.

集装箱

BEIJING, Dec. 4 (Xinhua) -- China's freight volume, an indicator of economic activity, continued to grow rapidly in October, according to official data.

Freight volume in October grew 9.5 percent year on year to stand at 4.62 billion tonnes, the Ministry of Transport (MOT) said.

The pace of growth accelerated from a rise of 7 percent in the first three quarters.

Highway freight volume increased 10 percent year on year in the month, while waterway freight volume rose 6.7 percent.

China's courier sector saw 4.96 billion packages delivered in October, up 25.2 percent compared with the same period last year, according to the MOT.

In the January-October period, the country's total freight volume rose 7.3 percent year on year to 41.36 billion tonnes.

Fixed asset investment in the transport sector edged up 0.7 percent to 2.6 trillion yuan (about 377.4 billion U.S. dollars) in the January-October period, the ministry added.

The data came amid steady growth of China's economy, which expanded 6.7 percent in the first three quarters of the year, above the government's annual growth target of around 6.5 percent set for 2018.

Scan the QR code and push it to your mobile phone

Keyword: freight China-Courier

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial