China's logistics activity shows positive trend in November

A reading above 50 per cent indicates expansion, while a reading below 50 reflects contraction. The rise indicated a speedy recovery of production logistics following the country’s measures to ensure adequate power supply and stabilise raw material prices, said CFLP, whose mission is to promote the innovation and development of Chinese logistics and procurement.

CFLP said the logistics sector will maintain a positive trend as the sub-index for New Orders stood at 56.1 per cent, and those for Business Activity Expectations at 57.8 per cent.

ALCHEMPro News Desk (RKS)