iChongqing Title

China's Logistics Sector Sees Rapid Expansion in December

By Xinhua|Jan 08,2024

A machinery loads cargo at China-Kazakhstan (Lianyungang) logistics cooperation base in Lianyungang, east China's Jiangsu Province, May 9, 2023. (Photo/Liu Wenhui, Xinhua)

Beijing - China's logistics sector registered fast expansion in December, industry data showed.

The index tracking the country's logistics market performance stood at 53.5 percent last month, up 0.2 percentage points from November, according to the China Federation of Logistics and Purchasing (CFLP).

A reading above 50 percent indicates expansion, while a reading below reflects contraction.

CFLP chief economist He Hui said the sector reported improving vitality in December as the new demand maintained an upward trend and businesses held stable expectations for future growth.

In the breakdown, the sub-indexes measuring total business volume and new logistics orders came in at 53.5 percent and 52.8 percent, respectively, and that of business expectations reached 54.8 percent.

MUST READ

New Era, New Journey, New Chongqing

Internet illegal and undesirable information can be reported by calling this telephone number:+86-23-67158993

渝ICP备20009753号-2 互联网新闻信息服务许可证号:50120220004

I Agree
Our Privacy Statement & Cookie Policy

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

For any inquiries, please email service@ichongqing.info

About UsContact Us

Leaving a message
Back