China’s logistics sector remains stable: Official data

China’s logistics sector maintained steady operations in the first eight months of 2021, official data showed. The value of social logistics during the period rose by 12.7 per cent year on year to 205.2 trillion yuan (about $31.64 trillion), according to the China Federation of Logistics and Purchasing (CFLP). The average January-August growth rate over the past two years stood at 6.8 per cent.

In the first eight months, the total logistics revenue stood at 7.8 trillion yuan, increasing by 18.7 per cent year on year and putting the two-year average growth at 8.4 per cent, an official news agency reported.

Looking forward, logistics demand is expected to maintain steady growth amid continued economic recovery, and enterprises in the industry remain optimistic about the business prospects, according to the CFLP.

China’s logistics sector maintained steady operations between Jan and Aug, official data showed. The value of social logistics during the period rose by 12.7 per cent year on year to about $31.64 trillion, according to the China Federation of Logistics and Purchasing. The average January-August growth rate over the past two years stood at 6.8 per cent.

Fibre2Fashion News Desk (DS)