China’s express logistics sector recorded stable growth in February as market demand and production gradually picked up, data from the China Federation of Logistics and Purchasing showed.
The index tracking express logistics came in at 100.4 percent last month, up 0.5 percentage points from January, according to the federation.
It attributed the expansion to the continuous recovery of the Chinese economy and the steady rebound of demand in the domestic market.
In the breakdown, the sub-indices for enterprise express logistics rose 1.5 percentage points month on month to 101 percent, while that for cross-border express logistics climbed 1.7 percentage points to 96.8 percent.
China’s manufacturing and tertiary sectors also registered steady growth in February, with the sub-indices tracking manufacturing business express delivery up 0.8 percentage points month on month, while that for the services sector rose 2.2 percentage points.
Based on statistics of business express services, China’s express logistics index reflects the development of the country’s industrial activities and express logistics sector.