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China sees slight rise in railway freight in July

(Xinhua)
Updated: 2009-08-20 10:58

The freight transportation volume of China's railways rose 0.3 percent year-on-year in July, increasing for the first time in eight months amid the global financial crisis, data from the Ministry of Railways showed Wednesday.

Combined cargo transportation volume stood at 1.88 billion tons in the first seven months this year, decreasing 63.23 million tons compared with the same period last year, but it was 4 percentage points lower than that in the first six months, according to the data.

Related readings:  China to complete 8-hour railway network around Beijing  Railway construction to get 700b yuan each year in next three years  China to double railway investment in 2009

Freight transportation volume fell in the first half of this year on the economic slowdown, but the declining has been reduced as a result of a boosting demand by the government's large scale economic stimulus plan.

The county's railways have transported 896.45 million passengers in the January-July period this year, rising 4.8 percent compared with a year earlier.

Investment in the railway infrastructure during the first seven months topped 247.4 billion yuan ($36.21 billion), surging 136 percent from a year earlier amid the 4 trillion yuan stimulus investment.