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China press report railway cargo shipments well below official target

From Caixin (via MNI), reporting:

  • Railway cargo shipment in the first four months was down 9.6% y/y
  • The rate of decline slowed from a 10.7% fall in Q1
  • Remains well below the official target (China aiming for railway cargo shipment to grow 4.3% per year on average during the current 13th Five-year Plan (2016-20))

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From data released by China Railway (just before they got thrown in the clink, I suppose)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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