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China ‘ s rail freight falls sharply in 2015

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China’s national rail freight volume, an indicator of economic activity, fell significantly in 2015, official data showed on last week. Railways carried 3.36 billion tons of cargo last year, down 11.9 percent year on year, the National Development and Reform Commission (NDRC) said.

NDRC said rail freight volume fell 13.4 percent from one year earlier in the last quarter of 2015, with the reduction easing slightly from the third-quarter’s 13.9 percent decrease.

The tepid reading came after China posted its weakest economic growth in 25 years in 2015, which was affected by weak demand both at home and abroad, industrial overcapacity and faltering investment.