Transport sector boosted by high economic growth

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Last updated at: (Beijing Time) Wednesday, November 26, 2003

Transport sector boosted by high economic growth

China's passenger and goods transport industry is developing rapidly after throwing off the negative impact of severe acute respiratory syndrome (SARS).

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China's passenger and goods transport industry is developing rapidly after throwing off the negative impact of severe acute respiratory syndrome (SARS).

Latest official statistics show that nearly 1.49 billion passengers traveled last October, an 86 percent surge from the figure in May when the SARS was harassing the country, and the figure was even higher than that of the same period of last year.

The sector showed China's highest economic growth, spurred by fast development of the transport industry, according to a report from the Ministry of Communications.

The fast growth of the industry and fixed asset investment throughout the country brought great demand for industrial raw materials, like coal, energy, steel, and mining materials.

In addition, China's surging foreign trade also boosted goods transport in major ports. During the first three quarters, China'smajor ports handled a total of 1.93 billion tons of goods, up 18 percent year-on-year.

And the total throughput of containers at major Chinese ports in the first three quarters increased by 30.6 percent over the same period last year, reaching 32.29 million Twenty-foot Equivalent Units (TEU).

The Ministry of Communications forecasts that road passenger transport in 2003 is expected to reach 14 billion people, and roadgoods transport is predicted to hit 11.2 billion tons.

In waterway transport, about 3.2 billion tons of goods are expected to be handled by major Chinese ports, with the container transport to keep a growth rate of 25-30 percent, realizing a total throughput between 4,600-5,000 TEUs, said the ministry.

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