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China’s transport report

China transported 23.21 billion tons of freight in the first half of the year, up 6.9 percent year-on-year, according to the Ministry of Transport on July 26. Ports above scale handled 6.54 billion tons of cargo during the same period of time, an increase of 2.4 percent. Fixed assets investment in the transport industry totaled 1.33 trillion yuan ($195.35 billion), similar to that of the last year.

Freight transport volume growth rose 7.4 percent in the second quarter, indicating booming demand of cargo transport, said Mao Jian, deputy inspector of the comprehensive planning department at the ministry.

Energy and container transport accounted for large volume of port capacity, while that of iron ore and mineral building materials saw a drop.

Read the full report on CHINA DAILY.





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