Published: 16:13, July 30, 2023 | Updated: 17:03, July 30, 2023
China's logistics sector sustains recovery in H1
By Xinhua

Employees arrange deliveries at a courier firm facility in Huzhou, Zhejiang province, on Feb 8, 2021. (PHOTO / XINHUA)

BEIJING - China's logistics industry sustained the recovery momentum in the first half of the year as market demand rose modestly, industry data showed.

During the period, social logistics rose 4.8 percent year-on-year to 160.6 trillion yuan (about $22.51 trillion) in value, according to the data released by the China Federation of Logistics and Purchasing.

Total revenue of the logistics industry rose 5.3 percent year-on-year to 6.3 trillion yuan during the period, according to the data

Logistics for industrial products went up 3.8 percent year-on-year during the period, 0.8 percentage points higher than that of the first quarter, the data showed.

Total revenue of the logistics industry rose 5.3 percent year-on-year to 6.3 trillion yuan during the period, according to the data.

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Despite the challenges ahead, the federation remains confident about the sector's growth prospects for the entire year, citing its huge potential and strong resilience.