On April 4, 2018, the Ministry of Finance announced that according to the relevant provisions of the Foreign Trade Law of the Pe
Release Time:
Sep 29,2020
BEIJING - China's logistics activity picked up in March as the economy continued to show signs of firming.
BEIJING - China's logistics activity picked up in March as the economy continued to show signs of firming.
The logistics performance index for March came in at 53.4 percent, up from 50 percent in February and ending a falling streak of three consecutive months, according to the National Development and Reform Commission (NDRC).
A reading above 50 percent indicates logistics service expansion while a reading below reflects contraction.
In breakdown, the sub-index for new orders expanded to 52.5 percent from 50.4 percent in February, while that for inventory turnover came in at 50.7 percent, an increase of 5.1 percentage points from the previous month.
The sector's business expectation index remained in the expansionary territory of 61 percent, suggesting expanding activity of both upstream and downstream industries amid improving demand, the NDRC said.
Earlier statistics showed growth as the manufacturing purchasing managers' index rose to 51.5 last month, the strongest level this year and remaining in expansionary territory for 20 straight months.
The NDRC said development of the logistics sector has been stable and improving, which has laid a sound foundation for economic growth in the second quarter.
The country's GDP grew 6.9 percent in 2017. GDP growth data for the first quarter are scheduled to be released on April 17.
Key words:
Related News
Can't find the service you're looking for? Contact us!
To inquire about our products, please leave your email to us and we will contact you within 24 hours.
Contact Info
E-mail: sales.01@wfhongcheng.cn
Tel: +86 536 6737387
Tel: +86 536 6737386
Add.: Nanhao Industrial Area, Changle County, Weifang City, Shandong, China
Major products are HDPE&LDPE flat bag, T-shirt bag, striped bag, T-shirt bags on roll, star-sealed garbage bag, drawstring garbage bag, flap tie bag, interleaved garbage bag, shopping bag, food bag, calendar bag, apron, gloves, cover sheet, etc.