China 1st quarter rail cargo downward 0.8%, passengers up 14.7%

Chinese rail cargo fell 0.8% to 991 million tonnes the 1st quarter, but passenger volume increased 14.7% to 502 million people year on year (yoy).

Railway cargo demand has been declining since the beginning of March as market outlook remained dim. Cargo turnover was 729.14 billion tonnes per kilometre. Freight turnover was 724.49 billion tonnes per kilometre. Luggage turnover was 4.65 billion tonnes per kilometre.

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