China's logistics infrastructure is constantly strengthening, and the micro-vitality and operating efficiency of logistics enterprises are also improving, thanks to a series of supportive policies and government investment, said an official.
China's logistics industry saw a continued upward trend in October, with the prosperity index reaching 52.6 percent, a 0.2-percentage point increase from the previous month, according to a report released by the China Federation of Logistics and Purchasing on Tuesday.
The data shows that in October, the price index of logistics services rebounded by 0.3 percentage points month on month, and the main business profit margin index rebounded by 0.1 percentage points month on month, marking an improvement in the profitability of logistics enterprises.
Among them, the railway transportation, water transportation, and postal express rebounded significantly. The data of small and micro enterprises (SMEs) improved more significantly than that of large and medium-sized enterprises, manifesting a positive development of SMEs.
In terms of investment, the fixed asset investment completion indexes of industries such as railway transportation, air transportation, pipeline transportation and postal express delivery all stayed at the expansion range of above 50 percent, reflecting the relatively strong investment demand in these industries.
"The government has recently continued to increase its investment in related fields, especially in the construction of logistics industry infrastructure, in particular some important logistics facilities such as logistics hubs, aviation and railways," said Liu Yuhang, director of the China Logistics Information Center.
Chinese logistic enterprises show more vitality with government support
China's logistics business volume continued to rise in December of 2024, with the prosperity index reaching a new high for 2024, indicating a significant increase in logistics activity, according to the China Federation of Logistics and Purchasing on Friday.
In December 2024, the prosperity index of China's logistics industry stood at 53.1 percent, up by 0.3 percentage points from the previous month.
Supported by favorable policies and inherent market dynamics, the total logistics business volume index has risen for five consecutive months.
Business volume indexes have shown balanced growth across the nation, with the eastern region experiencing the most significant climb.
From an industry perspective, there was a notable upturn in logistics demand during the month in sectors such as electrical machinery, semiconductors, communication equipment, transportation equipment, and new energy vehicle manufacturing.
In addition, the potential for residential consumption continues to be released, with stable demand for online shopping.
The total business volume indexes for road transport, water transport, and multimodal transport all showed varying degrees of increase month on month.
Meanwhile, the total business volume indexes for railway transport, air transport, and postal express industries remained above 55 percent, indicating a high level of prosperity.
"Throughout the year of 2024, the prosperity index of China's logistics industry demonstrated a pattern of stability followed by growth, maintaining a steady upward trend in overall logistics operations. The continuous enhancement of logistics service capabilities, characterized by high quality, high efficiency, and high adaptability, plays a crucial foundational role in promoting both domestic and international economic circulation, accelerating the flow of goods, and ensuring the stable operation of the national economy," said Liu Yuhang, director of the China Logistics Information Center.
China's logistics sector in Dec reaches new high for 2024
