China's logistics sector continued steady growth in the first seven months of the year, with the total value exceeding 200 trillion yuan (about 28 trillion U.S. dollars) and rising demand in high-end manufacturing and green, low-carbon fields, according to data released on Thursday by the China Federation of Logistics and Purchasing (CFLP).
From January to July, China's total social logistics value reached 201.9 trillion yuan (about 28.2 trillion U.S. dollars), up 5.2 percent year on year. Structural analysis shows that industrial goods logistics value rose 5.7 percent, with 35 industries registering growth, covering over 85 percent of the sector. Demand from high-end manufacturing showed particularly strong momentum.
Logistics demand from institutions and households also saw sound growth, climbing 6.2 percent year on year, 0.1 percentage points higher than in the first half. Consumption-driven demand continued to recover, with logistics of home appliances, audio and video equipment, and telecommunication equipment boosted by the continued trade-in policies, a nationwide initiative to stimulate consumption.
Regarding management and profitability, China's key logistics firms recorded an average profit margin of 3.4 percent, 0.3 percentage points higher than in the first half. Based on the growing trend, the total business activity expectation index in July is expected to stand at 55.6 percent, reflecting upbeat market sentiment. Emerging sectors such as low-altitude logistics, integrated supply chains, and cross-border e-commerce logistics are showing significantly faster growth than the industry average.
CFLP's survey of key logistics firms found business revenue up 4.8 percent year on year in the first seven months, alongside faster turnover and lower costs. For every 100 yuan (about 14 U.S. dollars) in revenue, average costs declined by 0.2 yuan (about 0.028 U.S. dollars).
"China's business environment sees steady improvement under the supportive policies. The market demand is recovering and stabilizing amid price fluctuation. Companies are also strengthening their professionalism and services, enhancing profitability," said He Hui, vice president of CFLP.
China's total social logistics value surpasses 200 trl yuan in first 7 months
