China’s warehouse storage industry got off to a smooth start in 2024, with development remaining in the expansion zone, industry data shows.
The index tracking the sector’s development came in at 51.2 percent in January, edging down 0.4 percentage points month on month, according to a survey released by the China Federation of Logistics and Purchasing, and CMST Development Co., Ltd.
A reading above 50 percent indicates expansion, while a reading below 50 percent reflects contraction. China’s warehouse storage sector continued its sound performance last month, said Wang Yong, vice president of CMST Development, citing month-on-month increases in the sub-indices tracking inventories.—APP
