Goods on fast track

Source: Xinhua | 2018-06-25

THE total volume of goods ferried by China’s railways in May grew at its fastest pace this year.

Railway freight rose 11.8 percent year on year to 339 million tonnes in May, accelerating sharply from 1.4-percent rise registered in April, according to the National Bureau of Statistics. For the first five months, the volume of railway freight topped 1.6 billion tons, up 7.2 percent from a year earlier.

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