Rail­way freight vol­ume de­clines

China Daily (Canada) - - NEWS CAPSULE -

China’s rail­way freight vol­ume, a key in­di­ca­tor of eco­nomic ac­tiv­ity, dropped in the first three quar­ters of 2015, the coun­try’s top eco­nomic plan­ner said.

The rail­ways trans­ported 2.53 bil­lion tons of cargo from Jan­uary to Septem­ber, down 11.4 per­cent year on year, com­pared with a de­crease of 10.9 per­cent in the first eight months, and a 10.1-per­cent drop in the first half, ac­cord­ing to the Na­tional De­vel­op­ment and Re­form Com­mis­sion.

In Septem­ber alone, rail­ways trans­ported 270 mil­lion tons of cargo, down 15.6 per­cent year on year.

The fig­ures came as China’s fac­tory ac­tiv­ity fell into con­trac­tion ter­ri­tory in Septem­ber, the fourth time this year. China’s of­fi­cial pur­chas­ing man­agers’ in­dex (PMI) came in at 49.8 in Septem­ber. A read­ing above 50 in­di­cates ex­pan­sion, while that be­low 50 rep­re­sents con­trac­tion.


A diver dressed as a mer­maid in­ter­acts with a bel­uga whale in a tank at the Bei­jing Aquar­ium. The aquar­ium marked its Shark Aware­ness Day on Oct 24.

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