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CHINA PRESS: Logistics Sector Continue To Recover

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Logistics volumes across China grew for a second consecutive month, up by 0.1 percentage point in November from October as pro-growth policies kicked in, Economic Information Daily reported, citing data by China Federation of Logistics & Purchasing. Industrial logistics demand rebounded significantly, while the growth of consumption logistics remains strong, the newspaper said. The total revenue of the logistics industry expanded for three consecutive months, with Jan-Nov revenue growing by 4% y/y to CNY12.5 trillion, the daily said.

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Logistics volumes across China grew for a second consecutive month, up by 0.1 percentage point in November from October as pro-growth policies kicked in, Economic Information Daily reported, citing data by China Federation of Logistics & Purchasing. Industrial logistics demand rebounded significantly, while the growth of consumption logistics remains strong, the newspaper said. The total revenue of the logistics industry expanded for three consecutive months, with Jan-Nov revenue growing by 4% y/y to CNY12.5 trillion, the daily said.