China's logistics companies have seen their cost per 100 yuan (about 14 U.S. dollars) of operating revenue decreased by 0.3 yuan in the January-July period compared to the first half of the year, and the profit margin increased to over 3 percent, according to data released by the China Federation of Logistics and Purchasing on Thursday.
Latest data shows a 2.1 percent year-on-year increase in logistics business revenue for key surveyed logistics companies, reflecting steady growth.
Companies have also seen improvements in operational efficiency, with the growth rate of operating costs slowing.
"The growth in logistics business revenue for two consecutive months indicates an improvement in the overall operational status and business environment of logistics companies," said Liu Yuhang, director of China Logistics Information Center.
In July alone, China's highway logistics price index and the coastal bulk cargo composite price index both saw modest increases compared to the previous month.
In container shipping, the average value of China's export container composite price index in July was 2,107.66 points, up 19.1 percent from the previous month. The international shipping market remains active, with most routes maintaining high price levels.
China's logistics sector is expected to become more effective and eco-friendly as policies are optimized to support the emerging low-altitude economy and green transformation. The sector is also anticipated to see accelerated transformation and upgrading, as certain businesses, such as multimodal transport and air logistics, are increasing their vitality.
China's logistics companies see lower operating costs in Jan-July period
China's total value-added of industrial enterprises above the designated size, an important economic indicator, expanded 4.5 percent year on year in August this year, official data showed Saturday.
On a monthly basis, the industrial output edged up 0.32 percent in August from the previous month, the National Bureau of Statistics(NBS) said in a monthly statement.
The enterprises above the designated size refer to those with an annual main business turnover of at least 20 million yuan (about 2.82 million U.S. dollars).
The value-added of equipment manufacturing grew by 6.4 percent year on year, while that of hi-tech manufacturing surged 8.6 percent, 1.9 percentage points and 4.1 percentage points faster than the average industrial production growth, respectively.
As for consumption, retail sales of consumer goods went up 2.1 percent year on year in August to 3.8726 trillion yuan (about 545 billion U.S. dollars). From January to August, the overall online retail volume reached 9.6352 trillion yuan (about 1.357 trillion U.S. dollars), up 8.9 percent year on year. The retail sales of services increased by 6.9 percent year-on-year.
"In August, the national economy operated in a stable manner on the whole. We adhered to the general principle of seeking progress while maintaining stability and implemented the new development philosophy accurately and comprehensively, strengthened macroeconomic control and focused on promoting high-quality development. The production demand continued to recover and employment and prices remained basically stable. The high-quality development continued to advance. The economy witnessed a generally stable situation and steady development," said NBS spokeswoman Liu Aihua at a press conference in Beijing.
China's industrial output up 4.5 pct in August
