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 Center, said: “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%.