BUSINESS China's logistics sector basically back to pre-pandemic level

BUSINESS

China's logistics sector basically back to pre-pandemic level

Xinhua

17:01, May 30, 2021

A worker checks inventory at a logistics base in Lianyungang, Jiangsu province. (Photo: agencies)

BEIJING - China's logistics industry has basically returned to pre-pandemic level thanks to steady growth continuing in April, industrial data showed.

The value of the country's social logistics reached 97.4 trillion yuan (about 15.25 trillion US dollars) in the first four months of this year, up 20 percent year on year, said the China Federation of Logistics and Purchasing.

With the January-April growth rate in 2020 and 2021 averaging at 7.2 percent, the sector's size and growth rate have basically bounced back to pre-pandemic level, the federation said.

The combined revenue of the logistics sector amounted to 3.6 trillion yuan in the January-April period, jumping 34.3 percent year on year, according to the federation.

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