BEIJING, July 5 (Xinhua) -- China's warehouse storage sector continues to recover in June amid the gradual recovery of market demand, industrial data showed.
The index tracking the sector's development climbed by 0.3 percentage points over the previous month to reach 50.7 percent in June, according to the China Federation of Logistics and Purchasing (CFLP).
A reading above 50 percent indicates expansion, while anything below that reflects contraction. The index has stayed above the boom-or-bust line for four consecutive months.
The business volume index was at 51.4 percent in June, 1.4 percentage points lower than the previous month, but still at the expansion level, according to the CFLP.
The sub-index tracking business profits stood at 57 percent in June, up 6.3 percentage points from the previous month, showing a notable improvement in growth rate of profits, said the CFLP.
A single purchase
