China’s logistics sector returns to expansion in May
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
BEIJING, June 3 (Xinhua) — China’s logistics sector returned to expansion in May, the China Federation of Logistics and Purchasing said Wednesday.
The index tracking the country’s logistics market — an indicator of economic vitality — stood at 50.3 percent in May, up 0.6 percentage points from the previous month.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
“In May, industrial logistics demand accelerated, while consumer-related logistics demand maintained steady expansion,” said Liu Yuhang, director of the China Logistics Information Center.
All sub-indices posted increases last month. The total business volume sub-index came in at 50.3 percent, rising 0.6 percentage points from the previous month. The new orders sub-index rose for three consecutive months to reach 50.2 percent in May. The fixed-asset investment completion sub-index stood at 54.1 percent, up 0.4 percentage points from April.
Market expectations stayed optimistic, with the business activity expectation sub-index at 55.9 percent, according to the federation.
Reference Link:- https://english.news.cn/20260603/cc7acfaf61754c66afa2cd7a60d958c1/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
