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China's logistics sector back to pre-pandemic level


Nepalnews
2021 May 30, 14:09, Beijing
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China's logistics industry has returned to pre-pandemic level thanks to steady growth continuing in April, industrial data showed.

The value of the social logistics has reached 97.4 trillion yuan (about 15.25 trillion US dollars) in the first four months of the year, up 20 percent year on year, said the China Federation of Logistics and Purchasing.

With the January-April growth rate in 2020 and 2021 averaging at 7.2 percent, the sector's size and growth rate have bounced back to the status of the pre-pandemic level, the federation said.

The combined revenue of the logistics sector amounted to 3.6 trillion yuan in the January-April period, jumping 34.3 percent year on year, according to the federation.


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