Staff members sort packages at a logistic center of Daoxian branch of China Post in Daoxian County, central China's Hunan Province, Nov. 11, 2024. Manufacturers, e-commerce platforms and logistics companies across the country are busy coping with consumer's demand during China's annual "Double 11" shopping festival. (Photo:Xinhua)

China's logistics industry showed notable expansion in August, as policies to promote consumption, stabilize investment and safeguard people's livelihoods continued to produce effects, and the synergy of supply and industrial chains accelerated, state broadcaster CCTV reported on Tuesday, citing industry data.

The index tracking the country's logistics market activity stood at 50.9 percent in August, climbing 0.4 percentage points compared with the reading in the previous month, with the total business volume index and new order index continuing to expand, according to data released by the China Federation of Logistics and Purchasing (CFLP).

The total business volume index remained in expansion territory for six consecutive months, while the new order index remained in expansion territory for the seventh straight month. In August, the new order index in railway transportation, air transportation and portal express remained above 55, while the multimodal transportation and waterway transportation sectors saw their new orders surge month-on-month, according to the CFLP.

Logistics serves as the "meridian" of the real economy. The continuous improvement in the supply and demand conditions in logistics shows that the foundation for the overall recovery and improvement of the real economy has been further strengthened, He Hui, chief economist of the CFLP, told the Global Times on Tuesday.

The fixed-asset investment completion index also remained in the expansion zone in August, with investment continuing to show sustained growth momentum.

Global Times