China’s logistics industry demonstrated robust growth in November, with the Logistics Performance Index (LPI) reaching 52.8%, the highest recorded this year. This marks a 0.2 percentage point increase from October, driven by growing demand across regions and industries.
Regional Highlights
- Eastern and Western Regions: Business volume indices surpassed 52%, with slight month-on-month increases, reflecting steady regional demand.
- Central Region: Outperforming the national average, the business volume index reached 53.7%, highlighting the region’s pivotal role in logistics growth.
Sectoral Performance
Several key logistics sectors showed significant expansion:
- Railway Transportation: Index at 55.8%.
- Air Transportation: Index at 56.2%.
- Postal Express Delivery: A standout performer, reaching 70.6%, underscoring the booming demand for e-commerce and last-mile delivery services.
Government Initiatives Fuel Growth
China’s government has launched an ambitious plan to establish a modern commercial circulation system by 2027. Key objectives include:
- Enhancing logistics networks at county, township, and village levels.
- Promoting new business models such as livestream e-commerce.
- Strengthening the integration of domestic and international markets.
These initiatives aim to streamline supply chain operations and ensure efficient connectivity between urban and rural areas.
Outlook
China’s logistics sector continues to serve as a cornerstone of the country’s economic development. The sustained growth reflects both domestic vitality and the effectiveness of policy measures to bolster infrastructure and innovation.
With ambitious plans underway and strong performance indicators, China’s logistics industry is well-positioned to support its broader economic goals and maintain its global leadership in supply chain efficiency.
