China’s railway passenger trips slid 40% last year, railway investment lower than 800 billion yuan for first time since 2014
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China’s railway passenger trips slid 40% last year, railway investment lower than 800 billion yuan for first time since 2014
STOCKS

China’s railway passenger trips slid 40% last year, railway investment lower than 800 billion yuan for first time since 2014

 

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China's railway operating revenue totaled 1.13 trillion yuan in 2020, largely in line with the previous year, and 650.1 billion yuan of the revenue came from railway transportation, down 20 per cent from 2019, China State Railway Group disclosed in its annual meeting on Monday, without revealing its profitability or other financial details.

The railway sector handled 2.16 billion passenger trips in 2020, the lowest level since 2013 and slumping 40 per cent from the year before, and the railway freight volume increased 4.1 per cent to 3.58 billion tonnes, said . . .

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