China's logistics sector reported steady growth in the January-February this year, according to a report by the China Federation of Logistics and Purchasing. Social logistics rose by 7.2 per cent year on year (YoY) during the duration to 51.8 trillion yuan ($8.13 trillion), outperforming the pre-pandemic level in 2019, while logistics for industrial products went up 7.5 per cent.Logistics of high-tech manufacturing and equipment manufacturing climbed by 14.4 per cent and by 9.6 per cent respectively during the two-month period, according to a Chinese state-controlled news outlet.
The total revenue of the logistics industry rose by 9.7 per cent YoY to 1.6 trillion yuan during the period.
China's logistics sector reported steady growth in the January-February this year, according to a report by the China Federation of Logistics and Purchasing. Social logistics rose by 7.2 per cent year on year during the duration to $8.13 trillion, outperforming the pre-pandemic level in 2019, while logistics for industrial products went up 7.5 per cent.#
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