China's logistics sector reported steady growth in the first four months of this year, according to a China Federation of Logistics and Purchasing report, which recently said social logistics rose by 3.6 per cent year on year in the duration to 106.2 trillion yuan ($15.95 trillion). On a monthly basis, the growth rate of social logistics shrank by 3 per cent in April from the same period last year.In April, the resurgence of COVID-19 cases affected logistics demand. The logistics demand for agricultural products and energy increased, while such demand related to industrial production, imports and consumption was muffled, official Chinese media reported.
The logistics of the industrial product sector shrank in April, with the total logistics volume falling by 2.9 per cent year on year, the first decline since March 2020.
China's logistics sector saw steady growth during January-April 2022, according to a China Federation of Logistics and Purchasing report, which said social logistics rose by 3.6 per cent year on year in the duration to $15.95 trillion. On a monthly basis, the growth rate of social logistics shrank by 3 per cent in April from the same period last year.#
In the first four months, the online retail sales of goods climbed by 5.2 per cent year on year while the business volume of the courier sector expanded by 4.2 per cent year on year.
Fibre2Fashion News Desk (DS)