China’s logistics sector rebounds as demand recovers

27

China’s logistics sector regained growth momentum in September as market demand recovered and business operations improved, industry data showed.

The index tracking the country’s logistics market performance stood at 50.6 percent last month, up 4.3 percentage points from August, reversing a two-month losing streak, according to the China Federation of Logistics and Purchasing (CFLP).

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

Most sub-indexes edged up in September. The sub-index for new orders came in at 50.1 percent, up 3.2 percentage points from August, indicating the increase in orders.— Xinhua

 

Previous articleGoogle looks to raise its smartphone game with latest Pixel 7
Next articleAzerbaijan’s trade turnover with Caspian region countries up by 45pc