China’s road freight volume sees slowing growth in first 11 months

2018-12-20
Xinhua

BEIJING — China’s road freight transport registered slower expansion in the first 11 months of this year, the National Bureau of Statistics (NBS) has said.

From January to November, the amount of cargo carried on roads, which takes up the lion’s share in China’s total cargo transport, increased 7.5 percent year-on-year to 35.99 billion tons, the NBS said in a statement on its website.

It slowed down from a growth of ten percent recorded in the first ten months.

In November alone, road cargo traffic rose 5.7 percent to 3.72 billion tons, compared with a growth rate of 7.7 percent in October.

China’s gross domestic product (GDP) grew by 6.7 percent year-on-year in the first three quarters, above the government’s annual growth target of around 6.5 percent.