Logistics sector sees steady expansion
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.