According to industry data, China’s railway system saw a steady increase in passenger trips and freight volume in the first quarter of 2021. The China State Railway Group Co Ltd reported that the railways handled a total of 753 million passenger trips in the January-March period, representing a 66% increase compared to the same period in the previous year. This surge in passenger trips is a positive sign for China’s economy, as it suggests a recovery from the impact of the COVID-19 pandemic.
Furthermore, the country’s rail freight volume, which is a crucial indicator of economic activities, also increased by 2.3% year-on-year to 970 million tonnes during the same period. This is another promising sign for the Chinese economy, as it suggests that businesses are increasing their production and shipping of goods.
In March, the average daily number of railway passengers rose to 8.58 million, representing a 171% increase year-on-year. This figure was also almost equivalent to that of the same period in 2019, indicating a significant recovery in the Chinese railway sector after the pandemic-induced slowdown.
Overall, the railway data from China State Railway Group Co Ltd suggests a positive trend for the Chinese economy, with increasing passenger trips and freight volume serving as indicators of recovery from the impact of COVID-19.