Guangshen Railway announced a 23% decline in tonnage of freight for the first six months of 2009
September 11th, 2009
Guangshen Railway announced its results a few weeks ago for the first six months of 2009: “tonnage of freight transported by the Company amounted to 26.5406 million tonnes (2008 interim: 34.5508 million tonnes).” – a 23% decline. This is difficult to mesh with government reports of robust growth.