Beijing, January 07, 2024, The Europe Today: China’s logistics sector exhibited rapid expansion in December, as indicated by industry data. The index monitoring the performance of the country’s logistics market reached 53.5 percent last month, marking a 0.2 percentage point increase from November, as reported by the China Federation of Logistics and Purchasing (CFLP).
A reading exceeding 50 percent signifies expansion, while a reading below indicates contraction. CFLP’s chief economist, He Hui, highlighted the sector’s enhanced vitality in December, attributing it to the sustained upward trend in new demand and businesses maintaining stable expectations for future growth.
The breakdown of the data revealed sub-indexes for total business volume and new logistics orders at 53.5 percent and 52.8 percent, respectively, with the business expectations sub-index reaching 54.8 percent. This data underscores the sector’s resilience and positive trajectory in response to evolving market dynamics.