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Industry

China's logistics sector remains stable in August

September 11, 2023


Abstract : China's logistics sector saw steady performance in August, industry data showed.

Staff members package crisp plums at Wushan Airport in southwest China's Chongqing, June 28, 2023. (Xinhua/Huang Wei)

BEIJING, Sept. 10 (Xinhua) -- China's logistics sector saw steady performance in August, industry data showed.

The index tracking the country's logistics market performance stood at 50.3 percent last month, down 0.6 percentage points from July, according to the China Federation of Logistics and Purchasing (CFLP).

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

China's logistics sector remained stable in August, said He Hui, chief economist of the CFLP, adding that the logistics sector is likely to see sustained recovery in the future with policy incentives taking effect.

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Keyword: Logistics

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