MNI BRIEF: China Freight Index Shows Demand Has Picked Up
China's road logistics index has risen.
MNI (MNI (BEIJING)) - China’s Road Logistics Freight Rate Weekly Index, a measure of road freighter charges across China, reached 1042.6 this week, up 0.08% from last week, according to the China Logistics Information Center on Friday.
The index has averaged 1,030.2 so far this year, up from 1,029.7 during the same time last year, according to MNI calculations based on Choice data.
The data showed road logistics demand has picked up slightly and transport capacity supply was generally stable, the association said.
Beijing will likely tilt its support towards consumption in H2 and could issue consumer coupons or other measures that offer subsidies to lower-income households to ensure the economy meets its “around 5%” growth target, MNI reported. (See MNI: Beijing Shifts Focus To Consumption To Boost H2 GDP)