China's transportation services speed up recovery in May
China's cargo transport industry reported growth last month as business activities further resumed, industry data showed.
The China Transportation Services Index (CTSI) stood at 144.6 points last month, down 16.5 percent year on year, according to the China Academy of Transportation Sciences.
The decrease was 5.4 percentage points lower than that recorded in April.
The subindex for cargo transport ticked up by 0.8 percent year on year last month, a sign of recovery from the contraction in the first four months.
Meanwhile, shrinkage in passenger transport further narrowed, with the subindex of passenger transport down 49.2 percent, narrowing by 12 percentage points from April.
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 subindices.
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