BEIJING — China's logistics sector reported steady growth in the first two months of the year, an industry report showed.
Social logistics rose 7.2 percent year-on-year in the first two months to 51.8 trillion yuan (about $8.13 trillion), outperforming the pre-pandemic level in 2019, said the China Federation of Logistics and Purchasing.
Logistics for industrial products went up 7.5 percent, while that of high-tech manufacturing and equipment manufacturing climbed 14.4 percent and 9.6 percent, respectively.
The total revenue of the logistics industry rose 9.7 percent year-on-year to 1.6 trillion yuan during the period.