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China's port cargo to rise 3.4% in 2024 amid economic recovery

27 Dec '24
1 min read
China's port cargo to rise 3.4% in 2024 amid economic recovery
Pic: Adobe Stock

Insights

  • China's cargo throughput at ports is projected to grow 3.4 per cent year-on-year to 17.5 billion tonnes in 2024, with foreign trade cargo rising by 7 per cent, reflecting economic recovery.
  • The railway network now spans 160,000 km, including 46,000 km of high-speed rail.
  • Transport sector fixed-asset investment is set to reach 3.8 trillion yuan, boosting infrastructure.
China’s cargo throughput at ports is projected to increase by approximately 3.4 per cent year-on-year, reaching around 17.5 billion tonnes from January to December, as per data from the Ministry of Transport. This reflects heightened economic activity amid the country's ongoing economic recovery.

The country’s foreign trade cargo throughput at ports is expected to see a significant rise of about 7 per cent in 2024 as compared to the previous year.

Meanwhile China's railway network has expanded to 160,000 km, which also includes 46,000 km of high-speed rail, forming a robust foundation for the nation’s economic strength and logistical efficiency, said Chinese media reports.

Moreover, fixed asset investment in the transport sector is projected to reach 3.8 trillion yuan (~$528.73 billion) in 2024 due to the substantial infrastructure improvements in the country.

ALCHEMPro News Desk (SG)

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