China's logistics sector posts robust expansion in November

2019-12-03 03:40:40 GMT2019-12-03 11:40:40(Beijing Time) Xinhua English

BEIJING, Dec. 2 (Xinhua) -- China saw active logistics activities in November due to growing market demand, industrial data showed.

The Logistics Performance Index stood at 58.9 percent for last month, increasing 4.7 percentage points from October, the highest level so far this year, according to the China Federation of Logistics and Purchasing.

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

The federation attributed strong logistics growth to a warming global trade environment and a robust e-commerce market.

The sub-indices for overall business and inventory turnover all increased over the previous month, indicating robust market demand and logistics efficiency.

The sub-indices for new logistics orders and business expectations stood at 58 percent and 61.5 percent respectively in November, pointing to stable growth momentum for the sector.

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