China’s logistics industry continued to rally as the import logistics improved and the holiday economy helped release consumption logistic demands, according to an industry report.
In the first ten months, social logistics rose 4.9 percent year on year to 278.3 trillion yuan (about 39.14 trillion U.S. dollars), according to the China Federation of Logistics and Purchasing. The growth rate was 0.1 percentage points higher than the first nine months.
In breakdown, logistics for industrial products went up 4.1 percent year on year, while that for imported goods climbed 13.5 percent, said the federation.—Xinhua
