China s logistics sector basically back to pre-pandemic level - Buz & Tech News
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China’s bulk commodity market reports growth expansion
China’s bulk commodity market reported growth expansion in April, industrial data shows.
The China Bulk Merchandise Index, a gauge of the domestic bulk commodity market’s growth, stood above the boom-or-bust line of 100 percent at 103.3 percent last month, according to the China Federation of Logistics and Purchasing.
The index has risen for four consecutive months, indicating a stable and growing domestic bulk commodity market, said the federation.
In April, the sub-index for bulk commodity supply rose 1.7 percentage points from March to 102.7 percent, and the sub-index for sales stood at 105.5 percent, up 1.9 percentage points from a month earlier.
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Pic: XiXinXing / Shutterstock.com
E-commerce logistics sector in China showed moderate growth in April 2021, with the index tracking such activities increasing to 111 points, compared to 109.4 points in the previous month, according to a survey jointly conducted by China Federation of Logistics and Purchasing and the country s e-commerce giant JD.com. Positive trend is expected in May too.
However, the total demand for e-commerce logistics fell during the month, with the sub-index tracking the total business volume sliding 0.3 points from the previous month to 127.8 points in April.
In rural areas, demand for e-commerce continued its growth momentum, with the sub-index tracking e-commerce logistics in these regions standing at 129.1 points, up 3.6 points from March.