The total volume of freight traffic by various modes of transport in China in the first half of 2018 increased in annual terms by 6.9% to 23 billion 210 million tons, the Ministry of Transport of China reported. Cargo transportation by rail increased by 7.7%, mainly due to an increase in the volume of coal transportation. Transportation by road showed an increase of 7.7%, by water transport - by 2.5%, by air transport - by 6.4%. The index of processed parcels by express delivery services increased in the first half of the year by 27.5% in annual terms. The freight turnover of China's major ports reached 6 billion 540 million tons, increased by 2.4%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...