China's December rail freight volume rises 9.8 pct y/y
The amount of cargo carried by the railways declined 0.8 percent on the year, to 3.33 billion tonnes in 2016, the data showed.
China's November rail freight volume rose 13.9 percent from a year earlier. Rail freight volume grew in August for the first time after falling for 31 consecutive months since December 2013.
Rail freight is one component, together with electricity consumption and bank lending, of the so-called "Li Keqiang index" used to measure the well-being of the economy, named after the country's premier. ■