In a notable surge, China’s logistics sector showcased substantial growth in December, as revealed by industry data. The index monitoring the performance of the country’s logistics market reached 53.5 percent last month, marking a 0.2 percentage point increase from November, according to the China Federation of Logistics and Purchasing (CFLP).
A reading exceeding 50 percent signifies expansion, while a reading below indicates contraction.
He Hui, the Chief Economist of CFLP, highlighted the sector’s increasing vitality in December, attributing it to sustained upward trends in new demand and businesses maintaining stable expectations for future growth.
Breaking down the data, the sub-indexes measuring total business volume and new logistics orders reached 53.5 percent and 52.8 percent, respectively. Additionally, the sub-index for business expectations surged to 54.8 percent.
This robust expansion underscores the resilience and positive trajectory of China’s logistics sector, indicating a thriving economic landscape. The consistent growth in new demand and optimistic business expectations bode well for the continued strength and stability of the logistics industry in China.