Lo­gis­tics sec­tor sees steady ex­pan­sion

China Daily (USA) - - BUSINESS -

China’s lo­gis­tics in­dus­try grew steadily in the first 10 months of the year amid in­dus­trial re­struc­tur­ing, a re­port showed on Sun­day. The to­tal value of lo­gis­tics goods pro­duced in Jan­uary-Oc­to­ber ex­panded by 6.1 per­cent year-on-year to 187.2 tril­lion yuan ($27.5 tril­lion), ac­cord­ing to lat­est data from the China Fed­er­a­tion of Lo­gis­tics and Pur­chas­ing. The growth was a re­sult of the re­cov­ery of the coun­try’s in­dus­trial and con­struc­tion sec­tors, the fed­er­a­tion said. China will en­cour­age more so­phis­ti­cated de­vel­op­ment of the lo­gis­tics sec­tor in the next five years, to bol­ster eco­nomic growth and deepen sup­ply-side re­form, the Na­tional De­vel­op­ment and Re­form Com­mis­sion said in a state­ment in March.

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