Cargo, passenger transport in China posts recovery
Date
9/20/2020 5:08:28 AM
(MENAFN)
Industrial data showed that the transportation industry posted recovery in August as the economic activities normalized due to the effective epidemic control.
The China Transportation Services Index (CTSI) came in at 161.5 points in the earlier month, declining 8.9 percent since a year ago, the China Academy of Transportation Sciences said.
The decline was 2.2 percent less than the one recorded in July.
The subindex for passenger transport stood at 111.5 points last month, a drop of 36.1 percent year on year, as the cargo transport added 5.2 percent to reach 188.2 points.
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