China’s logistics sector registered more rapid expansion in November, industry data showed Monday.
The index tracking the country’s logistics market performance stood at 53.3 percent last month, up 0.4 percentage points from October, according to the China Federation of Logistics and Purchasing (CFLP). A reading above 50 indicates expansion, while a reading below reflects contraction.
CFLP chief economist He Hui said the sector reported improving vitality in November as the new demand maintained an upward trend and businesses held stable expectations for future growth.
In the breakdown, the sub-indexes measuring total business volume and new orders of logistics companies.—Xinhua
