Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's logistics market sustains expansion, further recovery expected

June 29, 2023


Abstract : China's logistics industry continued to expand in the first five months of the year amid growing market demand, industry data showed Thursday.

An employee carries goods at the intelligent warehouse and logistics center of Heihe cross-border e-commerce industrial park in the Heihe Area of China (Heilongjiang) Pilot Free Trade Zone in northeast China's Heilongjiang Province, Feb. 11, 2023. (Xinhua/Xie Jianfei)

BEIJING, June 29 (Xinhua) -- China's logistics industry continued to expand in the first five months of the year amid growing market demand, industry data showed Thursday.

During the January-May period, social logistics rose 4.5 percent year on year to 129.9 trillion yuan (about 17.99 trillion U.S. dollars), according to the China Federation of Logistics and Purchasing (CFLP).

In May alone, social logistics climbed 4.8 percent from a year ago, the CFLP said.

Logistics for industrial products went up 3.6 percent year on year in the January-May period, flat with that of the first four months and contributing about 70 percent to total social logistics, the data showed.

Despite the challenges lying ahead, the federation remained confident about the growth prospects of the sector, saying that Chinese logistics enterprises boast strong resilience and have become more responsive to market demand.

The industry federation expected the sector to improve further as the economy gradually gets back to normal. Total social logistics will increase 4.5 percent in the first half of the year, it said. 

Scan the QR code and push it to your mobile phone

Keyword: logistics market

Reading:

From greenfields to wonderlands: China's overseas cooperation zones strive for all-win, high-quality development

Construction of giant offshore wind turbine completed in Fuzhou

“Great Stone” growing into industrial hub, to further advance cooperation and digital transformation

Forum on China-U.S. people-to-people friendship held in SE China's Fuzhou

Interview: China shows great potential in aviation industry's recovery, says Airbus China CEO

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial