China e-commerce logistics activities bounce back in Jan 2023

15 Feb '23

2 min read

Pic: Shutterstock/ Wasan Tita

China’s e-commerce logistics activities saw a steady recovery in January, as per industry data. This was attributed to the country’s improved anti-COVID response and sharp rise in consumption during the seven-day Spring Festival holiday. The index that tracks e-commerce logistics activities reached 104.6 points, which is an increase of 1.8 points from the previous month.

The rise in the country’s e-commerce logistics index is a reversal of the trend of contraction that lasted for three consecutive months. Out of the nine major sub-indices measuring e-commerce logistics activities in different fields, eight recorded growth last month. Business volume and rural business sub-indices recorded 2.1 points and 2.6 points growth, respectively, from the previous month, according to a joint survey by the China Federation of Logistics and Purchasing and e-commerce platform JD.com.

The survey also projected that the index will continue to rise in February 2023 because of the Chinese economy’s evident pick-up and favourable prospects. The data suggests a positive outlook for e-commerce logistics activities in China in the upcoming months, local media reports said.

Overall, the data reveals that China’s e-commerce logistics activities are on the path of recovery after a few months of contraction. The steady growth in the major sub-indices points to a thriving national e-commerce sector. The forecast for further growth in February 2023 indicates that this trend is likely to continue.

Fibre2Fashion News Desk (NB)

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