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    Home»Commodities»China Passenger Rail Traffic Hits Record, Outpacing Freight as Commodity Demand Slides
    Commodities

    China Passenger Rail Traffic Hits Record, Outpacing Freight as Commodity Demand Slides

    July 20, 20241 Min Read


    Passenger traffic on China’s railroads hit a record high in the first half of this year, outpacing cargo growth, reflecting a continued downturn in the freight market as demand for key commodities like coal declines, according to government data.

    Railway passenger trips rose 18.4% year-on-year to nearly 2.1 billion, according to the latest data from the National Railway Administration. Both the figure and passenger turnover — the number of passengers multiplied by the distance traveled — hit record highs, the state-run Xinhua News Agency reported, citing China State Railway Group Co. Ltd., or China Railway in short.

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