China’s logistics sector has demonstrated stable performance in the first quarter of this year, driven by accelerated industrial production and increased transport demand, according to a recent industry report.
The index monitoring the country’s logistics market exhibited positive growth, standing at 51.5 percent in March, marking a significant increase of 4.4 percentage points from the previous month. Similarly, the warehousing index also experienced growth, rising by 8.1 percentage points to 52.6 percent in March.
Chief economist of the federation, He Hui, commented on the sector’s favorable start to the year. He highlighted the robust activities across both upstream and downstream segments of China’s supply chains, leading to improvements in total business volume, new orders, and equipment utilization rates. Enterprises have expressed optimistic expectations for the future.
In March, the total business volume index rose by 4.4 percentage points to 51.5 percent, while the new orders index increased by 1.2 percentage points to 53.4 percent. Additionally, the business expectations index remained high, standing at 55.3 percent for two consecutive months.
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