BEIJING, March 19 (Xinhua) — China’s passenger and cargo transport industry reported robust growth in the first two months, as business activities are recovering amid incentive policies.
The China Transportation Services Index (CTSI) stood at 153.8 points from January to February, up 4.4 percent year on year, according to the China Academy of Transportation Sciences.
The sub-index for cargo transport reached 188.2 points in the period, 4.1 percent higher from the same period last year.
The passenger transport sub-index recorded an increase of 4.7 percent year on year.
The CTSI incorporated the transport volume of passengers and cargo of various transportation means, including railways, highways, waterways, and civil aviation. With 2010 as the base year and 100 points as the base value, the index includes passenger transport and cargo transport as two sub-indexes.