China's rail freight declines in Jan-Aug
Updated: 2016-09-28 15:58
(Xinhua)
|
|||||||||
BEIJING - China's national rail freight volume, an indicator of economic activity, declined in the first eight months of the year, the country's top economic planner said Wednesday.
Rail freight volume between January and August fell 6.3 percent year on year to 2.115 billion tons, compared with a 3.2 percent rise in the first seven months, according to the National Development and Reform Commission.
In August, rail freight volume rose 0.1 percent year on year to 277million tons, it said.
China's economic growth held steady at 6.7 percent in the second quarter, still the lowest level since the 2009 global financial crisis but within the government's target range for 2016.
Although downward pressure persists, economic indicators have suggested some stabilization.
China's industrial profits rose 19.5 percent year on year to 534.8 billion yuan (about $80.3 billion) in August, official data showed Tuesday.
The growth rate was faster than the 11 percent increase registered one month earlier, according to the National Bureau of Statistics.
In the first eight months of the year, industrial profits expanded 8.4 percent year on year, compared with a 6.9 percent rise during the January to July period.
Related Stories
China's rail freight decline narrows 2016-07-28 17:20
China's rail freight volume down 9.4% 2016-04-12 09:30
Maiden rail freight service leaves Dalian with goods for Russia 2016-01-28 11:25
China's rail freight falls sharply in 2015 2016-01-26 15:21
China's rail freight remains weak 2015-07-25 10:14
Today's Top News
Russia unveils Syria truce deal with US
Poll suggests Clinton winner of 1st presidential debate
Top official: China goes beyond its own interests
Russian ice creams hot in China
Renminbi use surges in London in spite of Brexit
The meeting of Two Pagodas in Kew Gardens
Kids in tow, Prince William starts Canadian tour
Dancing and drinking during Munich Oktoberfest
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Hollywood snaps up rock star's dog film |
Chinese people welcome dispossessed |
The can-do generation to the fore |
Riding the wave |
Leisure giants buoy cruise market |
She followed her heart |