CHINA's transport sector posted a nationwide gain of 7.4 per cent year on year in the first quarter in the cargo volume, but growth was 1.6 per cent slower than in 2013, reports Xinhua.
It is predicted that China's cargo traffic would keep a steady growth in the second quarter of the year, but the growth rate would continue to slow.
Statistics show in the first quarter growth rate of domestic trade at ports has been slowing, but imports have kept rapid pace. However, investment on road and railway infrastructure is expected to remain high in the first half.
In the first three months, road, rail and waterway project investment was up 11.4 per cent to CNY278.3 billion (US$44.52 billion). Railway investment increased 6.4 per cent to CNY71.3 billion.
Investment in highways amounted to CNY184.2 billion, up 17.2 per cent. CNY21.3 billion was spent on waterway projects, which fell 7.4 per cent. Investment in central and western regions continued to maintain rapid growth to CNY138.2 billion.
In this period, China's ports recorded a collective throughput of 2.62 billion tonnes, up 5.2 per cent, but growth was 4.9 per cent slower.
MARKETS
10 May 2014 - 03:04
China's quarterly cargo volume up 7.4pc, but growth rate shrinks 1.6pc
CHINA's transport sector posted a nationwide gain of 7.4 per cent year on year in the first quarter in the cargo volume, but growth was 1.6 per cent slower than in 2013,
MARKETS
10 May 2014 - 03:04
China's quarterly cargo volume up 7.4pc, but growth rate shrinks 1.6pc
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