Fewer Trucks on China’s Highways as Storms, Covid Disrupt Recovery
China’s road freight volume dropped at the start of this month as extreme weather and fresh Covid flare-ups threw up roadblocks to an industry already hit by earlier virus outbreaks, and as weak consumer confidence dragged on goods demand.
In the week ending July 3, an average of 6.98 million trucks were running on China’s highways every day, according to Caixin calculations based on the Ministry of Transport data. That was the first time in a month that the figure dipped under 7 million, after rising from 6.48 million in the week ending June 5 to hit 7.01 million in the week ending June 26.
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