Logistics activities in China slightly contract in July

A reading above 50 indicates expansion, while a reading below reflects contraction.

The sub-index for fixed-asset completion volume rose by 1.1 percentage points in July over the June figure, marking a continuous climb for three months, official Chinese media reported. 

The optimism for continuous market growth was relatively strong, with the sub-index staying above 53 per cent for a third straight month, a survey of the logistics firms in China showed.

ALCHEMPro News Desk (DS)