Thursday, Jul 9, 2020
International Finance
Logistics

China’s logistics sees exponential growth in 2018

China, National Bureau of Statistics, manufacturing sector, China Federation of Logistics and Purchasing, China Logistics Information Center
The logistics industry in China is predicted to reach US$43.5tn in 2018, up 6.5% every year

China’s logistics industry has shown a significant growth May, according to industry data. The China Federation of Logistics and Purchasing noted that the country’s logistics performance index in May was at 56.1%, up from 54.6% in April.

He Hui, deputy head of the China Logistics Information Centersaid: “The increase pointed to relatively strong logistics activity and a positive outlook for the industry.”

Xinhua reported that “the sub-index for new orders expanded to 54.5% from 52.9% in April, while that for inventory turnover came in at 52%, up from 51.4% in April.”

Additionally, the National Bureau of Statistics of China observed that the country’s manufacturing sector in May grew at exponentially in eight months as the purchasing managers’ index rose 51.9%.

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