China's logistics industry showed steady growth and strong resilience in the first four months of this year despite external economic pressures, according to the data released Tuesday by the China Federation of Logistics and Purchasing (CFLP).
China's total social logistics reached 115.3 trillion yuan (16 trillion U.S. dollars) in the January to April period, marking a year-on-year increase of 5.6 percent, the CFLP reported.
The figures reflected a stable rise in both production and consumption demand, with strengthened support for domestic logistics operations.
Specifically, industrial goods logistics grew 5.7 percent year on year during the same period. In April, 87.8 percent of major industry sectors recorded growth in logistics demand. Notably, logistics related to equipment manufacturing rose by 9.8 percent, while those tied to high-tech manufacturing surged 10 percent.
"The demand for logistics related to smart manufacturing and associated manufacturing sectors, as well as for finished products, has continued to grow, reflecting the strong resilience of the country's overall economy," said Liu Yuhang, director of the China Logistics Information Center.
Consumer-driven logistics also saw an uplift. From January to April, logistics volume for goods going to businesses and individuals increased by 5.9 percent, up 0.1 percentage points from the first quarter of this year.
Policies aimed at boosting domestic demand such as trade-in programs for new consumer goods and emerging sectors like livestream e-commerce contributed to the growth.
Online retail performed especially well, with physical goods sold online increasing 5.8 percent year on year, up 0.1 percentage points from the first quarter.
"Improving logistics processes has cut down on unnecessary steps, enabling faster response times and enhancing the efficiency and structure of consumption, which is further accelerating consumption upgrades," said Jiang Xu, dean of the School of Logistics at Beijing Wuzi University.
On the trade front, from January to April, the logistics volume for imported goods fell 4.1 percent in the first four months, though the decline narrowed by 1 percentage point compared to the first quarter.
Among electromechanical products, the logistics volume of imported machine tools and integrated circuits continued to grow, rising by 22.9 percent and 8 percent year on year, respectively.
China's logistics sector shows steady growth in first four months
China's logistics sector shows steady growth in first four months
China's logistics sector shows steady growth in first four months
