BEIJING — China’s rail transport sector has seen a rebound in passenger and cargo volumes in recent months amid the effective control of the COVID-19 epidemic, according to the national railway operator.

September saw the daily average number of train trips hit 7.71 million, about 79.5 percent of the passenger traffic seen in the same period last year, according to China State Railway Group Co, Ltd.

In the first three quarters, Chinese passengers made a total of 1.49 billion train trips.

Meanwhile, rail cargo volume rose steadily despite the impact of the epidemic. China’s railway freight volume totaled 2.62 billion tonnes from January to September, up 4.8 percent year-on-year.

Rail cargo volume, coupled with electricity consumption and the total loans issued, is a key indicator to evaluate an economy.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

German minister backs creating legal right to work from home

BERLIN — Germany’s labor minister wants to enshrine into law the right to work from home if it is feasible to do so, even after the coronavirus pandemic subsides. Labor Minister Hubertus Heil told Sunday’s edition of the Bild am…

AT&T names Jason Kilar as CEO of WarnerMedia

(Reuters) – AT&T Inc (T.N) on Wednesday named Jason Kilar, former head of video streaming platform Hulu, as the chief executive officer of its unit WarnerMedia, effective May 1. Kilar will report to AT&T Chief Operating Officer John Stankey, the…

Dollar most oversold in 40 years, says Morgan Stanley; exits short position

(Reuters) – The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned “tactically neutral” on the U.S. currency. The bank…

Bayer bets on science in bid to prevent future Roundup lawsuits: legal experts

(Reuters) – Seeking to forestall further claims, Bayer AG (BAYGn.DE) is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal experts said. The company on…