China's industrial transformation and upgrading has boosted consumption and the growth of logistics demands, driving the development of the upstream and downstream sectors.
In August, the total logistics volume of the electronics and communication equipment manufacturing industry increased by 11.4 percent compared to the same period last year. It has maintained double-digit growth for 10 consecutive months.
Upstream monocrystalline silicon, polysilicon and other manufacturing materials logistics increased by 7.2 percent and 20.3 percent respectively. The logistics of midstream imported materials such as semiconductor devices and integrated circuits increased by about 14 percent.
Terminal logistics also performed well, with the retail logistics volume of communications equipment growing from 12.7 percent in July to 14.8 percent.
"The highlights in some fields should be noted. For example, the smart manufacturing sector was effectively supported by logistics. Besides, the import of integrated circuits and the retail logistics at the end of the supply chain for consumer electronics also saw double-digit growth," said Zhou Jianqin, director of the Logistics Department of the School of Economics and Management at Beijing Jiaotong University.
Along with improved logistics supply structure, China's logistics sector continued steady expansion in August. The index tracking the country's logistics market stood at 51.5 percent in August, up 0.5 percentage points from the previous month, according to the China Federation of Logistics and Purchasing.
China's industrial transformation drives growth of consumption, logistics demands
The United States and Israel on Saturday launched "major combat operations" against Iran, plunging the war-torn Middle East into a new round of violent conflicts.
U.S. President Donald Trump said the objective "is to defend the American people by eliminating imminent threats" from Iran, and the Israeli Defense Ministry said the country launched a "preemptive" strike against Iran "to remove threats to Israel."
In Tehran, missiles hit areas near the offices of both Iranian Supreme Leader Ali Khamenei and President Masoud Pezeshkian. Iranian sources said that both leaders remain unhurt.
Israeli-U.S. airstrikes also struck a girls' school in southern Iran, killing at least 60 students, with 80 others injured, Hossein Kermanpour, head of the Iranian Health Ministry's public relations, said in a post on social media. Dozens more are reportedly still trapped under rubble.
Iran closed its airspace while the attacks were ongoing. Mobile phone services have been cut in parts of Tehran.
Iran has retaliated with a series of counterattacks against Israel and U.S. targets across the region, with explosions reported in Bahrain, Qatar, Kuwait, Jordan, the United Arab Emirates (UAE), and Saudi Arabia, among other countries.
Israel's Defense Minister Israel Katz declared a special and immediate state of emergency in all areas of Israel. Sirens were sounded across Israel to warn the public to prepare for the possibility of Iranian retaliation. Israeli airspace has been closed to civilian flights, according to Israeli Airports Authority.
In response to the sharp regional escalation, several countries have slammed their airspace totally or partially shut, and multiple airlines have canceled flights to the Middle East.
The attacks against Iran came after the U.S.-Iran nuclear talks concluded in Geneva on Thursday. Tensions between the United States and Iran were soaring amid massive U.S. military buildup in the Middle East and the stalled nuclear talks.
US, Israel launch major attacks against Iran, trigger retaliations
