China’s national freight volume, an indicator of economic activity, grew faster in October from a month earlier, signaling the country’s steady recovery from the COVID-19 fallout.
The country’s freight volume has maintained positive growth for six consecutive months, up 7.2 percent year-on-year in October. This was higher than the 5.6-percent increase registered in September, according to the National Development and Reform Commission.
China’s railways carried a total of 3.73 billion tons of goods during the first 10 months, up 3.1 percent year-on-year. In October, the country’s railway freight volume rose 3.2 percent from a year ago to 408 million tons.