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China rail freight continues to decline

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China’s railway freight volume, a key indicator of economic activity, dropped in the first three quarters of 2015, the country’s top economic planner said last week. The railways transported 2.53 billion tons of cargo from January to September, down 11.4 percent year on year, compared with a decrease of 10.9 percent in the first eight months, and a 10.1 percent drop in the first half, according to the National Development and Reform Commission.

In September alone, railways transported 270 million tons of cargo, a reduction of 15.6 percent year on year. The figures came as China’s factory activity fell into contraction territory in September, the fourth time this year.