LINE

Text:AAAPrint
Economy

China's rail freight volume down 9 pct

1
2015-04-14 08:52Xinhua Editor: Gu Liping

The volume of rail freight dropped during the January-March period as economic activities showed no signs of improving, official data showed on Monday.

Railways transported 870 million tonnes of cargo in the first quarter of the year, down 9 percent year on year, according to China Railway Corp.

This data adds to a slew of other economic indicators that show prolonged weakness in the economy.

Dragged down by a housing slowdown, softening domestic demand and unsteady exports, the economy grew 7.4 percent in 2014, its weakest annual expansion in 24 years.

Chinese Academy of Social Sciences estimates gross domestic product (GDP) growth in the first quarter will slow to about 6.85 percent.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.