App

China's warehouse storage sector maintains expansion for eight straight months
Updated: October 14, 2023 15:31 Xinhua

BEIJING, Oct. 14 -- China's warehouse storage sector remained in the expansion zone for the eighth straight month in September, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co., Ltd.

The index tracking the sector's development stood at 53.5 percent last month, up 1.5 percentage points from August, the survey showed.

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

The index has remained in expansion territory for eight consecutive months, indicating that the warehouse storage sector has maintained a stable and sound development momentum, said Wang Yong, vice president of CMST Development.

With policies of expanding domestic demand further implemented, market demand is expected to continue improving in the fourth quarter, and the warehousing industry is likely to sustain positive development, Wang added.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218