Logistics sector in China sees renewed growth momentum in Sept

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

According to the China Federation of Logistics and Purchasing (CFLP), most sub-indices rose in September.

The sub-index for new orders was 50.1 per cent, up by 3.2 percentage points from the August figure, indicating a rise in orders and demand recovery in the logistics market, official Chinese media reported.

In September, the sub-index for employees increased by 1.4 percentage points to near 50 per cent, indicating that the employment situation in the sector was stable as well, CFLP added.

ALCHEMPro News Desk (DS)