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China's railway cargo delivery volume rises 4.7% YoY in 2022
05 Jan '23
1 min read
Pic: Shutterstock/ Maksim Safaniuk
China’s railway cargo delivery volume totalled 3.9 billion tonnes in 2022, which is an increase of 4.7 per cent year-on-year (YoY). The East Asian country’s railway cargo services earned 478.6 billion yuan (around $69.23 billion) in 2022—surging 9.8 per cent YoY, as per the China State Railway Group Co Ltd.
China’s national railway operator projects passenger trips to cross 67 per cent YoY in 2023 and forecasts that overall transport revenue will resume to pre-pandemic levels. The nation had around 4,100 km of new railway lines put into operation last year of which more than half were high-speed railways, according to several Chinese media reports.
In 2023, more than 3,000 km of new railway lines will be operation-ready and 2,500 km of these will be high-speed railways.
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