Current location:Global Glimmer news portal > politics
Economic Watch: Improving logistics indexes reflect China's economic recovery
Global Glimmer news portal2024-05-21 09:43:40【politics】5People 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. ■
Address of this article:http://malaysia.barryexit.org/article-90b299825.html
Very good!(4192)
Related articles
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Eurovision 2024: Winner Nemo to be welcomed home by Swiss fans
- French star halts Eurovision rehearsal in Israel protest
- Bonza Airlines collapse: Employees left 'screaming and crying' as the budget airline implodes
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- BBC's gaffe
- When in Rome... look fabulous, says Lily Collins, 36, and co
- French star halts Eurovision rehearsal in Israel protest
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- Rhys Hoskins slugs 3
Popular articles
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Megan Thee Stallion flashes plenty of underboob in a very racy outfit for new single BOA
- Nigeria's fashion and dancing styles in the spotlight as Harry, Meghan visit its largest city
- Eight people reported killed in a shooting on the southern edge of Mexico City
Recommended
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
Profound sadness, anger grips Israel on Memorial Day
Canadian police arrest of fourth Indian suspect in killing of Sikh activist
Terrifying moment woman comes face to face with a mountain lion in her backyard
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
DAN HODGES: Keir Starmer has sold his soul to hard
'Father of the 401(K)' reveals the biggest downside of his creation
Eurovision fans get the nibbles and drinks in ahead of the biggest
Links
- Steve Gleason, 47, reveals his daily 'exorcism' as he battles ALS: Ex
- How Columbia University became the driving force behind protests over the war in Gaza
- Capitals' T.J. Oshie hopes to play next season
- Rockies call up highly
- Maple Leafs star Auston Matthews out for potential elimination matchup with Bruins
- Royal Troon to feature the longest hole in British Open history
- Trump says he'll use National Guard to deport migrants, doubling down on anti
- How Columbia University became the driving force behind protests over the war in Gaza
- EPHRAIM HARDCASTLE: French magazine uses AI photographs to predict the Royal Family's future
- The first glow