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China's logistics sector posts steady revenue growth in first eight months

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China's logistics sector posts steady revenue growth in first eight months

2024-10-05 12:47 Last Updated At:18:07

China's logistics sector reported steady revenue growth in the first eight months of this year despite a weakening global economic outlook, according to the China Federation of Logistics and Purchasing (CFLP) on Saturday. The industry generated revenue totaling 225 trillion yuan (about 32 trillion U.S. dollars) during the Jan-Aug period, up 5.4 percent year on year, the federation said.

This steady growth reflects ongoing structural shifts within the sector. Upstream and downstream industries continue to undergo transformation and upgrading, leading to noticeable structural adjustments in logistics demand.

The industrial goods logistics sector saw a 5.5 percent year-on-year increase in total value during the first eight months. While shipments of traditional products like cement and steel continued to decline in August, logistics for intelligent products, such as industrial robots and integrated circuits, maintained rapid growth of around 20 percent.

Consumer logistics also remained a strong driver of growth. The logistics for resident consumption rose by 7.8 percent year on year during the same period. Online retail outpaced traditional brick-and-mortar stores in driving logistics demand.

Regarding imports and exports, total import logistics value grew by 4.3 percent year on year in the first eight months, while export logistics value rose by 5.0 percent. However, against the backdrop of slowing global economic recovery and weakening manufacturing activity worldwide, the growth of international logistics has moderated. "The trend of steady growth in social logistics continued from January to August. The fact that the total value of social logistics achieved a year-on-year growth rate exceeding 5 percent for two consecutive months indicates the continued further release of social demand for the logistics industry," said Liu Yuhang, director of the CFLP.

China's logistics sector posts steady revenue growth in first eight months

China's logistics sector posts steady revenue growth in first eight months

China's logistics sector posts steady revenue growth in first eight months

China's logistics sector posts steady revenue growth in first eight months

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Lebanon faces humanitarian crisis amid lack of medical supplies

2024-10-05 16:41 Last Updated At:17:37

Israeli strikes on Lebanon have left many people in urgent need of medical care, adding pressure to an already struggling healthcare system of the country.

Since Sept. 23, the Israeli army has been conducting intensive airstrikes on Lebanon in a dangerous escalation with Hezbollah.

Lebanese Health Minister Firas Abiad reported on Thursday that a total of 1,974 people have been killed, including 127 children and 261 women, and 9,384 others wounded in Lebanon since the onset of the Hezbollah-Israeli conflict in October last year.

With NGOs and medical teams being targeted in the escalating conflict, the Lebanese government is urging the international community to advocate for a ceasefire.

Following a devastating airstrike on a medical center, residents quickly began to clean up. Paramedics and volunteers scrambled through the debris, hoping to find any signs of life.

The missile struck the third floor, which houses the hospital's rehabilitation center. Only a few scattered items remain amidst the rubble, including surgical gowns and gauze.

"I was at the center, coming down the stairs to grab supplies. As soon as we got the people out, the attack struck at 12:11. I went back up but left a few wounded behind; the rest became martyrs," said a witness.

NGOs and medical teams have been targeted amid Israeli strikes. Earlier on Sept. 28, another devastating strike leveled a medical center, killing 11 health workers and injuring 10 others.

The Lebanese Civil Defense also reported that one member was killed and another critically injured during Israeli airstrikes on the southern suburbs of Beirut on Sept. 27.

These incidents were not isolated. Since last October, attacks on medical facilities have become alarmingly frequent, forcing numerous centers out of service. According to the government, this has become a repeated tactic.

"We've seen almost more than 20 (between) hospitals and medical centers have been attacked. We've seen almost 130 vehicles that have been targeted. So, unfortunately, the same playbook that we saw in Gaza where hospital facilities, health facilities and health personnel were targeted (here) as well. Israel are repeating their same playbook in Lebanon as well," said Firas Abiad, Lebanese Minister of Public Health.

The situation is becoming increasingly unsustainable as hospitals struggle to keep up with the growing number of casualties. The relentless airstrikes and widespread destruction have left many medical facilities barely functioning, pushing the healthcare system to its limits.

However, the health minister warns that medical aid alone won't resolve the crisis.

"This sore situation cannot be solved with more medication or more medical supplies. The only way to be able to control, to be able not to move into a very bad humanitarian situation in Lebanon or even regionally, as we see this conflict starting to expand, is to have an immediate ceasefire," said Abiad.

Lebanon faces humanitarian crisis amid lack of medical supplies

Lebanon faces humanitarian crisis amid lack of medical supplies

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