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China's logistics activities slowed in April
Posted on May 12, 2023 |
In April, China’s logistics industry developed slowly but the outlook is optimistic as economic recovery and holiday consumption are expected to increase logistics activities.
The index reached 53.8% which tracks the country’s logistics market performance.
Big and medium-sized logistics companies' demand stabilized last month, while small and micro companies in the sector saw a drop in demand.
The sub-index for new orders reached 52.3%, a drop of 1.4% points month on month.