Current location:politics >>
Economic Watch: Improving logistics indexes reflect China's economic recovery
politics95468People have gathered around
IntroductionA staff member works at a logistics park in Jinjiang City, southeast China's Fujian Province, May 16 ...
A staff member works at a logistics park in Jinjiang City, southeast China's Fujian Province, May 16, 2022. (Xinhua/Zhou Yi)
BEIJING, Oct. 9 (Xinhua) -- Multiple logistics indexes have recently reversed their downward trajectories with improvements in market demand and business operations, indicating China's economic engine is on track to make a comeback thanks to concerted pro-growth policies.
During last week's national holiday, China's express delivery firms were swamped with orders, handling more than 4.1 billion parcels in total, the State Post Bureau said on Saturday.
An industry index shows the country's courier market bounced back from its previous lows to become brisk in September, a usually buoyant month.
The China express delivery development index, a measure of overall express delivery business activities and trends, came in at 353.1 last month, up 13.5 percent month on month.
The e-commerce logistics index reversed August's contraction to climb to 108.1, close to this year's high of 108.9 logged in February, according to a survey jointly conducted by the China Federation of Logistics and Purchasing (CFLP) and e-commerce giant JD.com.
And improvements are not limited to the e-commerce sector. The index tracking the country's logistics market performance stood at 50.6 percent in September, up 4.3 percentage points from August, reversing a two-month losing streak, according to the CFLP.
Hu Han, a researcher at the China Logistics Information Center, attributed to the rebound to the implementation of macro policies, the steady recovery of household consumption, rapid growth in energy and logistics, as well as the restoration of the logistics supply capacity.
Most sub-indexes edged up last month. The sub-index for new orders came in at 50.1 percent, up 3.2 percentage points from August, indicating an increase in orders and the recovery of demand in the logistics market, said He Hui, assistant president of the CFLP.
The country's logistics infrastructure was smooth overall in September, Hu said, noting the strong resilience of the e-commerce express network as indicated by the rapid recovery of business volume and new order sub-indexes.
Due to increases in orders and revenues, the profitability of enterprises of varying sizes showed signs of improvement, Hu said, adding that firms' performances in the third quarter were significantly stronger than in the previous quarter.
"As policies to stabilize the economy and support enterprises gradually took effect, business operations in the logistics sector have seen overall improvement," Hu said.
This year, China unveiled a package of measures to tackle COVID-induced disruptions and coordinate pandemic control. In late September, Chinese Premier Li Keqiang urged policy implementation and called for efforts to guarantee smooth logistics and the steady supply of coal and electricity.
Looking ahead, analysts say that complicated international economic situations, resurgences of COVID-19 cases in several regions and feeble demand may combine to weigh on logistics operations in the fourth quarter. ■
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Walkthrough news portal”。http://saotomeandprincipe.arnoldview.org/html-67c999881.html
Related articles
Red Lobster seeks bankruptcy protection after closing some restaurants
politicsRed Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn ...
【politics】
Read moreDevelopment to remain the focus in 75th year of nation's founding
politicsChina's first domestically built large cruise ship, Adora Magic City, set off from Shanghai on its m ...
【politics】
Read moreXi Calls for High
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- Cai still reaching for the sky
- China's consumption gains steam as shopping, tourism, catering rebound
- Xi Says Chinese Modernization to Bring New Opportunities to China
- Baby Reindeer's real
- Beijing 2022 innovates green standard for snow venues
Latest articles
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Huawei revs up NEV sector with new SUV
Hainan expands visa
China's outbound tourism thrives during Chinese New Year holidays
Grant Shapps vows he WILL find more planes for mass parachute drop to mark 80th anniversary of D
Xi Meets Senegalese President in Johannesburg
LINKS
- Malaria is still killing people in Kenya, but a vaccine and local drug production may help
- US applications for jobless claims fall to lowest level in 9 weeks
- I'm a cart girl
- Labour refuses to commit to matching Rishi Sunak's defence spending pledge of 2.5% of GDP by 2030
- Fire burns a restaurant and hotel in eastern India, killing 6 and injuring 20
- The Hollywood daughters raiding their mums' wardrobes... so who do you think wore it better?
- First Chinese cultural center in Gulf region starts trial run in Kuwait
- Bruins beat Maple Leafs 4
- Not every WNBA draft pick will make her team's roster. Here's why
- Sydney Sweeney flaunts her incredible figure in a brown bikini during Hawaii getaway