App

China's logistics business expands in first four months
Updated: May 25, 2022 13:47 Xinhua

BEIJING — China's logistics sector reported steady growth in the first four months of 2022, showed an industry report on May 25.

Social logistics rose 3.6 percent year-on-year in the first four months to 106.2 trillion yuan (about $15.95 trillion), said the China Federation of Logistics and Purchasing in an industry report.

On a monthly basis, the growth rate of social logistics shrank 3 percent in April from the same period last year.

In April, the resurgence of COVID-19 cases affected the demand for logistics. The logistics demand for agricultural products and energy increased, while the logistics demand related to industrial production, imports and consumption was muffled.

The logistics of the industrial product sector shrank in April, with the total logistics volume falling 2.9 percent year-on-year, the first decline since March 2020.

In the first four months, the online retail sales of goods climbed 5.2 percent year-on-year while the business volume of the courier sector expanded 4.2 percent year-on-year.

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