From Caixin (via MNI), reporting:
– Railway cargo shipment in the first four months was down 9.6% y/y
– The rate of decline slowed from a 10.7% fall in Q1
– Remains well below the official target (China aiming for railway cargo shipment to grow 4.3% per year on average during the current 13th Five-year Plan (2016-20))
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China press report railway cargo shipments well below official target
