The total value of China's social logistics in the first 11 months reached 331.2 trillion yuan (about 47.27 trillion U.S. dollars), representing a 5-percent year-on-year increase at comparable prices, data released by the China Federation of Logistics and Purchasing showed on Tuesday.
In November alone, the growth rate stood at 4.5 percent.
The data shows overall stable logistics operations in the country from January to November.
In terms of production, the logistics for industrial goods went up 5.2 percent year on year from January to November, with a 4.7-percent increase in November.
Logistics growth in the industrial sector remained stable, with nearly 70 percent of major industrial categories maintaining year-on-year growth.
From the consumption perspective, the logistics for goods for organizational and individual consumers grew by 5.8 percent year on year from January to November.
Emerging consumption logistics flourished, with rapid growth in instant retail, which integrates online ordering with rapid local delivery, and livestream e-commerce. The cumulative online retail sales of physical goods rose by 5.7 percent year on year during the same period.
"The growth in logistics demand is particularly evident in consumer goods centered around online shopping and the upgrading of electronic products. This reflects how our increasingly improved and diversified consumer environment is creating new demands for logistics," said Liu Yuhang, director of China Logistics Information Center.
Green logistics has emerged as a new growth driver for the industry.
From January to November, the total logistics for recyclable resources shot up 14.7 percent year on year, maintaining rapid growth throughout the year.
China's total value of logistics up 5 pct to 47.27 trln US dollars in first 11 months
China's total value of logistics up 5 pct to 47.27 trln US dollars in first 11 months
Chinese Foreign Minister Wang Yi said on Thursday that UN Security Council actions must not provide legal cover for unauthorized military operations, nor should they heighten tensions or escalate conflict.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks in a phone conversation with Kaja Kallas, the High Representative for Foreign Affairs and Security Policy of the European Commission.
Kallas shared her views on the situation in the Middle East and commended China's active diplomatic mediation efforts to ease the situation, including the latest five-point joint initiative issued by China and Pakistan for restoring peace and stability in the Gulf and the Middle East.
The European side has not been involved in this war but has suffered from its spillover effects, she said, expressing hope for swiftly de-escalating the war and resuming dialogue and negotiations.
The European side supports UN humanitarian operations, the protection of civilians and non-military targets, and will make every effort to ensure the opening of navigation through the Strait of Hormuz, she said.
Wang said that amid the current international turmoil, it is the shared responsibility of China and Europe to step up communication and exchanges, and to uphold the UN-centered international system and the international order based on international law.
Wang elaborated on China's principled position on the Middle East situation, noting that the five-point initiative proposed by China and Pakistan reflects a broad international consensus, whose core elements include a cessation of hostilities, the start of peace talks as soon as possible, ensuring the security of non-military targets and security of shipping lanes, and safeguarding the primacy of the UN Charter.
A ceasefire and an end to hostilities are the strong call of the international community, and also the fundamental solution to ensuring safe navigation through the Strait of Hormuz, Wang said, adding that all parties should build greater consensus and create the necessary conditions to that end.
The UN Security Council actions should focus on cooling down the situation and de-escalating tensions, Wang said, adding that China stands ready to maintain communication and cooperation with the European side to promote an early end to hostilities and restore regional peace.
The two sides also exchanged views on China-EU relations. Wang said that China's development represents opportunities for Europe, and that the challenges Europe faces do not originate from China. Protectionism does not enhance competitiveness, and decoupling from China means decoupling from opportunities, Wang said, expressing hope that the European side will develop a comprehensive and objective perception of China and maintain the correct direction of China-EU relations.
Kallas said that the European side views China as an important cooperation partner, does not seek decoupling from China, and looks forward to maintaining dialogue and communication between the two sides.
Chinese FM says UN Security Council actions should not legitimize unauthorized military operations
