Containers are transported by trucks at Guoyuan Port in southwest China’s Chongqing, April 20, 2023. (Xinhua/Tang Yi)
BEIJING: China’s logistics industry expanded at a slower pace in April but companies remain upbeat about the sector’s outlook as a sustained economic recovery and holiday consumption is expected to boost logistics activities.
The index tracking the country’s logistics market performance stood at 53.8% in April, down 1.7 percentage points from the previous month, data from the China Federation of Logistics and Purchasing (CFLP) showed.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
He Hui, the chief economist of the CFLP, attributed the slight drop of the index to seasonal…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
