China's logistics sector reported steady growth in the first 10 months of 2022, according to an industry report, informed The Xinhua News Agency.
Social logistics rose 3.6% year on year to ¥275.4 trln (about $38.26 trln) in the January-October period, said the China Federation of Logistics and Purchasing.
During the period, the logistics for industrial products climbed 4% year on year, as industrial production continued to expand, according to the report.
Logistics for high-tech manufacturing grew 10.6% year on year in October, up 1.3 percentage points from September.
As a raft of policies to facilitate flows of logistics and support enterprises gradually took effect, business operations in the logistics sector have shown overall stability, the report said.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.