Rail freight vol­ume de­clines less

China Daily (Canada) - - BUSINESS -

The pace of de­cline in China’s na­tional rail freight vol­umes, an in­di­ca­tor of eco­nomic ac­tiv­ity, nar­rowed in the first five months of 2016 as the econ­omy showed signs of sta­bi­liza­tion, ac­cord­ing to of­fi­cial data. Rail freight vol­umes for the first five months fell 7.7 per­cent year-on-year to 1.318 bil­lion met­ric tons, com­pared with a 7.9 per­cent drop in the first four months, ac­cord­ing to theN­ational Devel­op­ment and Re­form Com­mis­sion. Rail­ways car­ried 270 mil­lion tons of cargo in­May, down 7 per­cent yearon-year. In the first five months, in­dus­trial out­put grew5.9 per­cent, up from 5.8 per­cent reg­is­tered dur­ing the Jan­uary-April pe­riod.

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