Beijing (TDI): China’s logistics sector registered steady revenue growth in the first eleven months of this year, as overall activity in the sector continues to increase amid improvement in industrial demand, data released by the China Federation of Logistics and Purchasing revealed on Sunday.
The industry generated 12.5 trillion yuan (1.71 trillion dollars) of revenue between January and November, up 4% year-on-year, 0.2 percentage points higher than the first ten months, marking November a third straight month of increase, the federation said.
Thanks to supportive policies, positive factors pushing the high-quality development of the country’s economy continue to accumulate in November.
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Meanwhile, the operations of logistics firms have been increased, with their economic pressure diminished and market expectations becoming more stable.
Supported by favorable conditions, the quality and efficiency of logistics development in the country have consistently improved, leading to a persistent enhancement in operational performance, according to the federation.
Over 80% of total logistics business index is in the expansion zone.
Last month, the average daily loading for national railroads hit 194,000 vehicles, setting a new record following the highest monthly loading in the previous month.
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Moreover, e-commerce express logistics continues to demonstrate resilient growth.
The courier sector handled 17.2 billion parcels in November, up 14.9% year-on-year, the data showed.
“Looking ahead, we hope to boost data connectivity through the internet, including port, railway and customs clearance data, so as to better empower the real economy by leveraging efficiency in the development and utilization of data resources,” Zhou Zhicheng, director of the research department at the Beijing-based China Federation of Logistics and Purchasing, said, according to Global Times.
The annual Central Economic Work Conference organized in Beijing in early December noted that the forging of a unified national market shall be accelerated, and efforts will be made to end local protectionism and market segmentation, while logistics costs should be effectively lowered, it said.
