China's industrial product logistics value increased by 5.3 percent year on year in the first three quarters of this year, contributing 78 percent of the growth in total social logistics value, data released by the China Federation of Logistics and Purchasing (CFLP) on Sunday showed.
As the country's logistics demand maintained steady growth in the first nine months, high-end manufacturing and green, circular economy-related activities emerged as increasingly important sources of growth, with the industrial logistics base remaining solid
The shares of equipment manufacturing and high-tech manufacturing continued to expand, with logistics demand surging in sectors including the manufacturing of integrated circuits, spacecraft and launch vehicles, and optoelectronic devices.
Logistics volumes for smart products such as smart wristbands, 3D printing equipment and sensors also increased rapidly, while the output of industrial control computers and systems grew by over 25 percent, reflecting a distinct shift toward upgraded industrial logistics
In terms of import logistics, the volume of energy and resource-related imports declined, while high-tech products such as integrated circuits, diodes, semiconductor devices and machine tools posted steady growth, alongside a significant surge in imports of high-quality fresh consumer goods.
Beyond home appliances and smart devices, the domestic retail penetration rate of new energy vehicles exceeded 60 percent for six consecutive months, and logistics volume linked to power-battery production surged 43.5 percent year on year, reflecting strong momentum in demand for green logistics.
"China's logistics demand is currently undergoing clear upgrading, with high-tech and intelligent equipment driving industrial logistics to transform toward greater time-efficiency and higher added value. At the same time, consumption upgrading and green transformation are giving rise to a large number of emerging logistics demands. Changes in the demand structure are prompting continuous iteration of the logistics demand and supply system, and the supporting role of logistics in production, distribution, circulation, and consumption continues to become more evident," said Liu Yuhang, director of the China Logistics Information Center.
Industrial logistics growth drives China's logistics sector in first 9 months
Industrial logistics growth drives China's logistics sector in first 9 months
Industrial logistics growth drives China's logistics sector in first 9 months
Industrial logistics growth drives China's logistics sector in first 9 months
Industrial logistics growth drives China's logistics sector in first 9 months
