BUSINESS China's logistics sector continues to expand

BUSINESS

China's logistics sector continues to expand

Xinhua

10:23, July 07, 2019

China's logistics activities remained expansionary in June, data showed.

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File photo: VCG

The Logistics Performance Index stood at 51.9 in June, dipping 0.9 percentage points from May, according to the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while below it reflects contraction.

Inventory turnover and logistics employment improved in June.

The sub-indices for both logistics new orders and business expectation edged down last month, indicating slowing growth momentum for the sector.

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