The growth rate of the total revenue of China's logistics sector has increased for three consecutive months as of November, as industrial demand rebounds ensured stable and rising vitality in the industry, according to data released by the China Federation of Logistics and Purchasing on Sunday.
From January to November, the total revenue of the logistics industry stood at 12.5 trillion yuan (about 1.71 trillion U.S. dollars), up 4 percent year on year, which is 0.2 percentage points higher than the growth rate of the Jan-Oct period, the data showed. The revenue growth quickened for the third consecutive month in November.
The business volume indexes for more than 80 percent of the logistics sub-sectors were in the expansion zone, with those for railway, e-commerce, express delivery and the warehousing industry picking up.
In November, the average daily loadings of the state railway reached a record 194,000 cars.
In the month, China's e-commerce logistics sector handled 17.21 billion parcels, a year-on-year increase of 14.9 percent.
In the first 11 months of the year, various links of the logistics sector maintained stable operation, with the structure optimized and cross-modal integration deepened.
The freight volume of raw materials and bulk commodities rebounded significantly in the period.
In November, the proportion of railway and water transportation increased by 0.2 percentage point from the same period last year.
In the meantime, intermodal transport such as rail-water freight and road-rail freight has developed rapidly.
"Thanks to the development of new quality productive forces, transportation has gradually become more intensive, with larger-scale organizations and chain store management. The core objective is to effectively reduce logistics costs in the society and fully utilize social resources," said Zhou Wei, a researcher at the Research Institute of Highway of the Ministry of Transport.
So far, more than 3,000 online freight platforms across the country have used digital technologies to reduce costs and improve efficiency, according to Zhou Zhicheng, director of the Research Office of the China Federation of Logistics and Purchasing.
"Some central enterprises and state-owned enterprises have established supply chain innovation platforms. We hope to have more data and bring together data from railways, ports and the customs on the internet to make better use of data resources and better empower real economy," Zhou said.
China's logistics sector sees incremental growth of total revenue
China's logistics sector sees incremental growth of total revenue
As the New Year and the Chinese Spring Festival draw near, vegetable markets across China enter the peak season with stable and sufficient supplies, well-prepared to meet the surging demand during the festive season.
In 2024, China's vegetable production continues to grow steadily. The sown area has expanded by over 800,000 mu (about 53,333 hectares) compared to the previous year, reaching more than 83 million mu. In mid-December, vegetable production exceeded 20 million tons, ensuring ample supply across the country. Choy sum, or Chinese flowering cabbage, is currently in its peak sales season in southern production areas.
Li Yuxiu oversees the operation of a family farm in Zhijiang City in central China's Hubei Province. His farm has a good harvest of choy sum.
"One mu of land yields about 1,500 kg of choy sum, both white and purple. We plant them at different time to ensure harvests in different months," said Li.
Buyers across the country are eagerly sourcing these fresh vegetables for vigorous markets. Tang Yan, who manages a fruit-and-vegetable cooperative in Hubei Province, expressed satisfactory over the pricing and sales of choy sum.
"I buy about 2,000 kg of purple choy sum every day from the farmers. The price is a little bit over six yuan (about 0.82 U.S. dollars) per kilogram. It was higher earlier, about eight to ten yuan. Farmers are happy about the pricing. We don't need to worry about sales as buyers from all over the country wait for goods here every day," said Tang.
In addition to open-field vegetables, vegetable greenhouses also report good yields and are filling up markets with their produce.
Pak choi, or leafy Chinese cabbage, is widely planted in a greenhouse in east China's Jiangsu Province.
"We have 130 mu of vegetable greenhouses here, all growing pak choi. Each crop yields 3,000 kg per mu," said Tang Yongjun, operator of the greenhouse.
On the market side, the sources of goods are being continuously expanded, especially for vegetables from Guangzhou, Yunnan, Fujian and other southern places, which all have sufficient stock.
Wang Ruixian is a merchant at the Shouheng Gaobeidian market in north China's Hebei Province, one of China's largest agricultural wholesale hubs. She has explored new origins of vegetables to ensure consistent supply. "This year, I have expanded my vegetable sources to Honghe and Xundian County in Yunnan Province. I also added special vegetables from Sichuan Province to my list. We can supply more than 200 tons today, over 50 tons above our daily supply volume of previous years," said Wang.
China's vegetable markets well prepared for festive season with ample supply
