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China's logistics market index stood at 51.6 per cent in June, according to the China Federation of Logistics and Purchasing. This marks a slight decline of 0.2 percentage points from the previous month, but the index remains above the critical 50 per cent boom-bust threshold.
The warehousing index saw a marginal increase of 0.1 percentage points from May, reaching 48.5 per cent in June. In terms of overall performance, the total business volume index also stood at 51.6 per cent, with the index for new orders slightly higher at 51.9 per cent. The business expectations index was notably strong at 55.3 per cent, maintaining its position in the high-climate zone for the fourth consecutive month.
He Hui, chief economist at the federation, attributed the sustained positive performance to the enhanced integration of China's supply chain from upstream to downstream. This integration has bolstered business demand and operational resilience, according to Chinese media reports.
Fibre2Fashion News Desk (DP)