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Beijing Aid Props up China Logistics Sector – People’s Daily

China’s logistics performance index came in at 49.3% last month, up 5.5 percentage points from the previous month


China's exports fell by 0.3% in October, the latest trade data showed on Monday.
China's exports fell by 0.3% in October, the latest trade data showed on Monday. File photo: AFP.

 

China’s logistics sector is picking itself up again after a severe Covid-19 wave and the ensuing lockdowns that devastated the economy as the Chinese government steps up efforts to boost support for the sector, People’s Daily reported.

China’s logistics performance index, which tracks business volume, new orders, employment, inventory turnovers, and equipment utility rates in the sector, came in at 49.3% last month, up 5.5 percentage points from the previous month, the report said, citing data from the China Federation of Logistics and Purchasing (CFLP).

Read the full report: People’s Daily.

 

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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