From China’s peak economic planning agency, the National Development and Reform Commission (NDRC):
– China’s railway freight volume in the first 9 months down 11.4% y/y (compared with a decrease of 10.9% in the first eight months, and a 10.1 percent drop in the first half)
Train cargo is a key indicator of economic activity in China and this is further evidence of the slowdown in China
ICYMI: China’s railway freight volume dropped in first three quarters of 2015
