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2021.05.30

China's logistics sector back to pre-pandemic level

China's logistics industry has returned to pre-pandemic level thanks to steady growth continuing in April, industrial data showed. 

The value of the country's social logistics reached 97.4 trillion yuan (about $15.25 trillion) in the first four months of this year, up 20 percent year on year, said the China Federation of Logistics and Purchasing. 

With the January-April growth rate in 2020 and 2021 averaging at 7.2 percent, the sector's size and growth rate have bounced back to the pre-pandemic level registered in 2019, the federation said. 

The combined revenue of the logistics sector amounted to 3.6 trillion yuan in the January-April period, jumping 34.3 percent year on year, according to the federation.  

The growth rate remains at a relatively high level, indicating that the logistics market has further recovered, the organization added.